Valeura Energy and PTTEP are moving closer to sanctioning the Bussabong gas project offshore Thailand, as Valeura pursues a broader campaign of development drilling, facility upgrades and exploration across multiple Gulf of Thailand assets, according to the company’s latest quarterly report.

Bussabong gas development nears FID

Valeura Energy and PTTEP are looking to take FID later this year on a two-platform gas development in the Bussabong area of Block G3/65 in the Gulf of Thailand.

The partners are also planning ahead for the next phases of appraisal and exploration in both the G1/65 and G3/65 blocks, using processed data from newly acquired 3D seismic.

Development drilling progresses across Gulf of Thailand assets

Elsewhere in the Gulf, Valeura initiated a drilling campaign on the Jasmine Field in mid-June, conducted from the Jasmine-C and Jasmine-D platforms.

The program includes three single-bore development wells and a two-wellbore multi-lateral development well.

Engineering and construction is progressing on another project to add four further well slots to the Nong Yao A platform, which should be ready for drilling in the fourth quarter.

A newly contracted rig should start operations on Nov. 1 with three new wells at Nong Yao.

Wassana redevelopment ahead of schedule

Construction work for the new central production platform for the Wassana Field is ahead of schedule, with mechanical completion anticipated on Oct. 1. This could allow the start of development drilling to be brought forward.

And Valeura is considering drilling an open water exploration well on licence G1/48 to assess a potential oil accumulation within tieback reach of the Manora platform. The contracted rig could mobilize to the location this month after completing the Jasmine drilling campaign.

Once operational, the new facility is expected to support increased production and improve field recovery compared with the current infrastructure configuration, the company said.