Valeura Produces First Oil from Nong Yao Extension Off Thailand

Thursday, August 15, 2024

Canada-based oil and gas company Valeura Energy has produced first oil from its Nong Yao C development offshore Thailand.

The first three of the seven Nong Yao C development wells were opened up for oil production on August 15, 2024, with additional wells to be brought online successively thereafter, the company said.

Ramp up of production volumes will continue in line with Valeura Energy’s plan to achieve peak production rates of approximately 11,000 bbls/s within the coming weeks.

Valeura intends to sustain Nong Yao production rates at approximately 11,000 bbls/d for the remainder of the year 2024.

Borr Drilling’s Mist jack-up is being used for the drilling campaign at Nong Yao C, which started in late May 2025, and is expected to last for up to four months.

"I am very pleased to see first production from Valeura's first organic growth project in the Gulf of Thailand. We have executed an efficient drilling program, which came in below budget and has achieved all of our geologic objectives, which we will now benefit from as we shore up the company's total production output with this new production.

“Moreover, our drilling program has successfully appraised several upside targets, which we expect will both contribute to reserves and resources when evaluated at year end, and may form the basis of future infill drilling to sustain volumes further into the future,” said Sean Guest, President and CEO.

Categories: Industry News Activity Production Asia Gulf of Thailand Oil and Gas

Related Stories

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

Woodside and Jera Agree LNG Cargoes Supply for Japan’s Winter Period

Japanese Oil and Gas Firm Enters Two Blocks off Malaysia

Woodside Agrees Long-Term LNG Supply with Petronas Unit

MODEC and Terra Drone Renew FPSO Drone Inspection Partnership

French Oil Major Acquires Interests in Multiple Blocks in Southeast Asia

CNOOC Sees 11% Profit Growth in 2024 Driven by Record Oil Production

Shell Launches Next Phase of Malaysia's Deepwater Project with First Oil Production

Current News

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

Woodside and Jera Agree LNG Cargoes Supply for Japan’s Winter Period

Petronas Expands Suriname Portfolio with Deepwater Block Acquisition

Japanese Oil and Gas Firm Enters Two Blocks off Malaysia

Yinson Production, “K” LINE Target Europe's CCS with FSIU and LCO2 Solutions

Woodside Agrees Long-Term LNG Supply with Petronas Unit

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com