Valeura announces first oil from Nong Yao C offshore Gulf of Thailand

Valeura Energy has achieved first oil production from its Nong Yao C development, in License G11/48 (90% operated working interest), offshore Gulf of Thailand.

The first three of the seven Nong Yao C development wells were opened up for oil production on 15 August 2024, with additional wells set to be brought online successively thereafter. Ramp up of production volumes will continue in line with the company’s plan to achieve peak production rates of approximately 11,000 barrels per day (bopd) within the coming weeks, versus recent rates in the first half of August of approximately 7,200 bopd.

“Our drilling program has appraised several upside targets, which we expect will both contribute to reserves and resources when evaluated at year end, and may form the basis of future infill drilling to sustain volumes further into the future,” said Sean Guest, President and CEO.