Thailand, 29 May, 2024 (The Energy Circle) - Valeura Energy, a Canadian oil and gas firm, has initiated a new drilling campaign at the Nong Yao C extension offshore Thailand, following the successful completion of the infill drilling campaign at Nong Yao A. The company has drilled two horizontal production wells at the Nong Yao A platform, both of which are now operational.

The 37H well, targeting the H12.5 reservoir, is currently producing around 500 barrels of oil per day (bbls/d) and has identified 68 feet of net oil pay across eight intervals, suggesting further development potential. Similarly, the 38H well, targeting the H4.3 reservoir, is yielding approximately 1,000 bbls/d. A thinner oil-bearing layer in the H2.0 interval will also be evaluated for additional production.

The drilling rig, Mist jack-up, has moved to the Nong Yao C site to commence batch drilling operations. This campaign, expected to last around four months, includes up to nine wells—six producers and three water injectors. Valeura aims to start oil production from Nong Yao C in the third quarter of 2024, targeting a peak production rate of 11,000 bbls/d, a significant increase from the 7,307 bbls/d reported in Q1 2024.