Valeura Energy says oil output in Thailand up 16% in June vs Q1 2023

Valeura Energy

13/06/2023 09:54

SINGAPORE, June 13 (Reuters) - Valeura Energy Inc
 VLE.TO  said on Tuesday oil production from its fields in
Thailand increased 16% in June after it completed drilling at
the Nong Yao field.
    Oil production from its four assets in Thailand rose about
23,700 barrels per day (bpd), in the first 11 days of June
compared with average output in the first quarter of 2023, the
Canada-based oil and gas company said in a statement.
    Valeura said it completed drilling of two infill wells at
the majority-owned Nong Yao field, located in the shallow waters
of the Gulf of Thailand.
    Other assets that the company operate in Thailand include
Jasmine, Manora and Wassana oil fields.
    Valeura plans to deploy the same rig at Manora to drill
three wells to increase production and extend the asset's
economic lifespan. Drilling is expected to complete early
August, the company said.
    Upon completion of operations, the rig will move to the
Wassana field for the company's five-well infill drilling
programme, it added.

 (Reporting by Carman Chew; Editing by Emelia Sithole-Matarise)
 ((carman.chew@thomsonreuters.com; +6582011860))