The company has drilled two horizontal infill wells on its Nong Yao oilfield at Licence G11/48 in Thailand, in which it holds a 90% operated working interest.
Drilling operations were executed safely, below budget, and ahead of schedule. The wells encountered approximately 1000 and 700 ft of net oil pay in their horizontal sections, respectively, confirming pre-drill reservoir simulation results. The wells have come onstream at a combined initial gross rate of approximately 1350 bpd.
The impact of the new Nong Yao wells, in addition to contributions from the company’s Jasmine oilfield drilling programme earlier in 2023, has resulted in aggregate oil production rates from the company’s portfolio during the 11 days of June averaging 23 700 bpd (net to the company’s working interest), an increase of approximately 16% over average 1Q23 rates from the four assets.
The Borr Mist drilling rig is now on location at the Manora oilfield where the company plans to drill three wells aimed at increasing production from the field and by extension, adding to the economic life of the asset. Upon completion of operations at Manora, anticipated in early August 2023, the rig will move to the Wassana field for the company’s five-well infill drilling programme.
Sean Guest, President and CEO, commented: “Our Nong Yao drilling campaign has been a success and the results bolster our investment thesis that our assets offer the potential to add further value through increased production and new reserve additions through targeted infill drilling.”
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/28062023/valeura-energy-completes-nong-yao-field-infill-drilling-campaign/