Valeura Boosts Nong Yao Output with Record-Breaking Multi-Lateral Well
Event summary
- Valeura completed an eight-well drilling campaign at its Nong Yao field in the Gulf of Thailand, including its first multi-lateral well.
- The campaign increased production from 8,870 bbls/d to 10,500 bbls/d (Valeura’s working interest share, before royalties).
- NYA-42ST1H set a new Gulf of Thailand record for the longest horizontal lateral drilled at 4,960 feet.
- Valeura’s drilling rig has been mobilized to the Jasmine field for a five-well drilling program, including a two-wellbore multi-lateral development well.
The big picture
Valeura’s successful completion of its first multi-lateral well marks a significant technological milestone in the Gulf of Thailand, potentially setting a new standard for drilling efficiency in the region. The increase in production from the Nong Yao field underscores the company’s strategic focus on maximizing the potential of its existing assets while exploring new opportunities for growth. As Valeura continues to innovate and expand its drilling activities, it positions itself to capitalize on the evolving dynamics of the Southeast Asian energy market.
What we're watching
- Technological Adoption
- Whether Valeura can successfully deploy multi-lateral drilling across its portfolio to enhance production efficiency.
- Production Growth
- The pace at which Valeura can sustain and increase production rates through ongoing drilling and well workover campaigns.
- Strategic Expansion
- How Valeura’s drilling activities in the Jasmine field will impact its overall production and reserve growth.