Valeura Energy completes Nong Yao field infill drilling campaign

The company has drilled two horizontal infill wells on its Nong Yao oilfield at Licence G11/48 in Thailand, in which it holds a 90% operated working interest. Drilling operations were executed safely, below budget, and ahead of schedule. The wells encountered approximately 1000 and 700 ft of net oil pay in their horizontal sections, respectively, confirming pre-drill reservoir simulation results. The wells have come onstream at a combined initial gross rate of approximately 1350 bpd. The impact of the new Nong Yao wells, in addition to contributions from the company’s Jasmine oilfield drilling programme earlier in 2023, has resulted in aggregate oil production rates from the company’s portfolio during the 11 days of June averaging 23 700 bpd (net to the company’s working interest), an increase of approximately 16% over average 1Q23 rates from the four assets.