Valeura Boosts Manora Oil Production with Successful Drilling Campaign
Event summary
- Valeura completed a drilling campaign at the Manora field in the Gulf of Thailand, exceeding management expectations with all three wells successfully drilled and completed as oil producers.
- Oil production at Manora increased from 1,950 bbls/d to 2,626 bbls/d following the campaign.
- The appraisal well MNA-41 encountered oil pay in multiple reservoir intervals, positioning it for future development.
- The drilling campaign was completed safely, on time, and on budget, with the rig now mobilized to the Nong Yao field.
The big picture
Valeura's successful drilling campaign at the Manora field underscores its strategy of appraising and developing reservoir intervals to extend the asset's economic life. The production increase and reservoir discoveries position the company to potentially boost reserves in its next evaluation. This aligns with Valeura's growth-oriented approach in Southeast Asia, where it aims to reinvest in producing assets and pursue further organic growth.
What we're watching
- Reserve Growth
- Whether the newly encountered reservoir intervals will be additive to the ultimate potential and economic life of the Manora field.
- Execution Risk
- The pace at which Valeura can translate appraisal success into additional production and development at Manora.
- Operational Momentum
- How the successful drilling campaign at Manora will impact Valeura's plans for the Nong Yao field.
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