Production

Valeura adding more wells at Wassana oil field offshore Thailand

Dec. 11, 2023

Valeura Energy has restarted oil production at the Wassana Field offshore Gulf of Thailand.

The Wassana oil field concept select phase is underway to redevelop the field to increase production and extend field life beyond 2030; a decision is planned for Q2/Q3 2024. — The Wassana oil field concept select phase is underway to redevelop the field to
increase production and extend field life beyond 2030; a decision is planned for Q2/Q3 2024.

Offshore staff

CALGARY, Canada — Valeura Energy has restarted oil production at the Wassana Field offshore Gulf of Thailand.

A contracted rig will mobilize shortly to start an infill drilling program comprising three horizontal development wells targeting deeper reservoir intervals.

The campaign is designed to raise production above 4,000 bbl/d. The rig will then relocate to start Valeura’s Nong Yao C development early in 2024.

Valeura describes Nong Yao as a high-value oil field. It has a 90% operated working interest (partner PSL).

President and CEO Sean Guest said, “Our team is also working toward a potential longer-term redevelopment of the Wassana Field, to commercialize the two appraisal discoveries we made in third-quarter 2023 by adding reserves and expanding the overall capacity of the field…We anticipate taking a final decision on the expansion in 2024.”

Valeura has chartered the Wassana FSO MT Jaka Tarub oil tanker from the Buana Lintas Lautan Group, and it is chartered to store the produced crude. Three60 Energy Group has taken over operations for the remainder of the charter period.

12.11.2023