- Valeura Energy Inc. increased production from the Nong Yao field through a drilling campaign.
- Valeura operates drilling campaign in Gulf of Thailand
Valeura Confirms New Oil Accumulation Near Manora Field in Gulf of Thailand
What happened
Valeura Energy Inc. announced the discovery of a new oil accumulation near its Manora oil field, located in the Gulf of Thailand. The discovery was made during a successful development and appraisal drilling campaign on the company's Jasmine field. The findings suggest the accumulation is significant enough to justify the development of a new satellite facility on the block.
From oilandgasonline.com
Why it matters
The discovery relates to Block G1/48, which has a 70% operated working interest. The company stated that the successful development of this new field, which will be named ‘Suraphi,’ could create a new lease on life for the greater Manora field area.
Valeura operates a drilling campaign in the Gulf of Thailand.
From oilandgasonline.com
Who's involved
- PTT Exploration and Production Public Company LimitedThai petroleum company involved in the discovery and subsequent development planning.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
Valeura could increase its reserves and production capacity through the development of the new field.