CALGARY, Canada – The Jasmine Field in the Gulf of Thailand has produced its 90 MMbbl, according to operator Valeura Energy.
This is far beyond the original expectations of about 7 MMbbl when the development was sanctioned in 2004.
President and CEO Sean Guest said, “This is a remarkable achievement for the team who have overseen the ongoing development and maintenance of the Jasmine/Ban Yen oil field…In our view, it is exceptional that after having recovered more than 12 times that amount since its first production in 2005, we have verified proved and probable reserves of more than 10 MMbbl barrels and continue to find opportunities for infill drilling aimed at further reserves replacement.
“Drilling operations to date in 2023 have both increased production rates and identified new development targets which will form the basis of a work plan for 2024 and beyond.”
Jasmine is about 300 km south of Bangkok in a water depth of about 60 m. In the original development, produced crude was transported from a fixed platform to the modified, MODEC-owned FPSO Jasmine Venture through a 1.5-km pipeline.