Valeura Energy has finished an eight-well drilling campaign at its fully owned License B5/27 in the Gulf of Thailand. The company reported that the program was completed safely, ahead of schedule, and under budget.
According to Sean Guest, President and CEO of Valeura, the project highlights how ongoing drilling can unlock new reserves, sustaining steady cash flow from their Thai assets. The campaign also evaluated additional reservoirs, paving the way for future drilling and potential reserve expansions in next year's assessment.
Key Results of the Drilling Campaign:
- Jasmine C Platform: Two development wells were drilled, both outperforming expectations in oil pay and now actively producing.
- Ban Yen A Platform: Three wells were drilled-two development wells with appraisal targets and one dedicated appraisal well. The two development wells exceeded forecasts and are boosting production.
- Jasmine D Platform: Two deviated development wells were successfully drilled and are now contributing to output.
- Ratree Exploration Well: While it hit the target reservoirs, only minimal hydrocarbons were found, indicating insufficient oil migration. Valeura is assessing other prospects in the block for future exploration.
The campaign helped maintain stable production levels, countering natural field declines. Valeura's drilling rig is now moving to the Nong Yao field, where a 10-well development program is planned.
This effort reinforces Valeura's strategy of extending field life through targeted drilling and appraisal in Thailand's offshore basins.