Calgary-based Valeura Power Inc. has efficiently accomplished an infill drilling marketing campaign at Nong Yao A and the beginning of growth drilling on the Nong Yao C extension offshore the Gulf of Thailand.
Nong Yao A and Nong Yao C are each a part of the Nong Yao oil discipline, the place Valeura owns a 90 % operated working curiosity, the corporate stated in a information launch.
Valeura drilled two production-oriented horizontal wells on the Nong Yao A wellhead platform, which have been each profitable and have been introduced on-line as producers.
The 37H nicely culminated in a horizontal part inside the main goal H12.5 reservoir. Valeura stated that the zone has been accomplished for manufacturing and is presently contributing roughly 500 barrels per day (bpd) of oil, based mostly on efficiency over the previous ten days. As well as, the nicely encountered 68 toes of web oil pay throughout eight separate appraisal goal intervals. The zones will now be additional evaluated as targets for potential future growth wells, and as soon as developed, could add additional producible volumes to the asset, Valeura stated.
Additional, the 38H nicely has been accomplished as a horizontal producer within the H4.3 reservoir interval and is presently contributing roughly 1,000 bpd of oil(1), based mostly on efficiency over the previous 5 days, the corporate stated. A skinny oil-bearing sand was encountered within the shallower H2.0 sand interval and also will be studied to find out extra producible volumes, it added.
In the meantime, the corporate moved its contracted drilling rig to the Nong Yao C cell offshore manufacturing unit the place it has begun batch drilling operations to develop the Nong Yao C discipline extension. The drilling marketing campaign is anticipated to take roughly 4 months and can comprise as much as 9 gross wells, consisting of six producer wells and as much as three water injectors.
Valeura anticipates first oil from the Nong Yao C growth within the third quarter. It’s concentrating on combination peak oil manufacturing charges from the expanded Nong Yao discipline of 11,000 bpd, an roughly 50 % enhance over the 7,307 bpd reported within the first quarter.
“I’m happy with the outcomes of our new Nong Yao A wells, which additional illustrate the potential of our belongings so as to add volumes by means of ongoing infill drilling,” Valuera President and CEO Sean Visitor stated. “Drilling these wells now was a nimble transfer by our workforce to shore up manufacturing charges simply earlier than dedicating our rig to the Nong Yao C growth drilling program”.
“The beginning of drilling operations at our model new Nong Yao C infrastructure marks a big milestone for our firm. This would be the first new growth for Valeura in Thailand, and is predicted to function a considerable supply of manufacturing development within the second half of this 12 months,” Visitor continued.
“We stay centered on protected and sustainable development, and I’m happy to notice that our drilling operations have achieved an necessary security report, logging one full 12 months of labor with out a misplaced time harm. We stay dedicated to delivering a high tier well being, security, and environmental efficiency throughout all our operations,” he concluded.
Valeura Power Inc. is a Canadian upstream firm engaged within the exploration, growth and manufacturing of petroleum and pure fuel in Thailand and in Türkiye. It has belongings within the Gulf of Thailand and the Thrace Basin.
The corporate stated it’s pursuing a growth-oriented technique and intends to re-invest into its producing asset portfolio and to deploy assets towards additional natural and inorganic development in Southeast Asia.
To contact the writer, e-mail rocky.teodoro@rigzone.com
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