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

Petronas, Inpex Secure Oil and Gas Exploration Rights off Indonesia

Mubadala Energy Open to Sell Andaman Gas for Domestic Use

Indonesia's Medco Starts Production at Natuna Sea Fields

ADNOC’s XRG Partners Up with Petronas for Offshore Gas Block in Caspian Sea

Shell-Reliance-ONGC JV Complete India’s First Offshore Decom Project

INEOS Wraps Up Acquisition of CNOOC’s US Oil and Gas Assets

Valeura’s Assets in Gulf of Thailand Remain Operational After Earthquake

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

ONGC and BP Sign Deal to Boost Production at India's Largest Offshore Oil Field

Kazakhstan Looks to Improve Oil Production Agreements Terms

Current News

OMV Exits Ghasha Gas Project off UAE with Lukoil Stake Sale

China's Sinopec Laucnhes $690M Hydrogen Venture Capital Funds

CIP, ACEN Partner Up for First Large-Scale Offshore Wind Farm in Philippines

Valeura Concludes Eight-Well Drilling Campaign in Gulf of Thailand

Three Dead in Chevron's Angolan Oil Patform Fire

BW Opal FPSO Vessel set for Work off Australia

Keyfield Ventures into Indonesia’s Oil and Gas Market with New Partner

Fire Contained at Vietnamese Oil Platform Undergoing Decommissioning (Video)

Velesto’s Jack-Up Rig Set for Drilling Job off Indonesia

Petronas, Inpex Secure Oil and Gas Exploration Rights off Indonesia

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