Successful Drilling Campaign at Manora Field
Valeura Energy Inc. is excited to report the completion of a successful infill drilling campaign at the Manora field, located in Licence G1/48 offshore in the Gulf of Thailand. With a 70% operated working interest in this licence, the results have exceeded initial expectations and positioned the company favorably for future growth.
Performance Highlights of the Drilling Campaign
The recent drilling campaign consisted of five wells, strategically designed with three focused on production and two aimed at appraisal. From the company's share, oil production before royalties surged from an average of 2,144 barrels per day (bbls/d) in the last quarter to 2,866 bbls/d over a recent 14-day period. This significant increase demonstrates the immense potential of the Manora field in contributing to the company’s overall production metrics.
Innovative Techniques Utilized
Among the wells developed, the A34 well was drilled to target the deep 600-series sands in the eastern fault block. The success of this well solidifies its status as a multi-zone producer, adding to the efficiency of Valeura's output.
Furthermore, the horizontal A38 well was equipped with an innovative downhole autonomous inflow control device (ICD). This technology helps manage the relationship between oil and water production, optimizing operational efficiency. The impacts of this technology will be monitored closely, as Valeura assesses its effectiveness across various fields.
Expanding Future Potential
The drilling results from the A36 and A37 wells also pointed towards promising development possibilities. The A36 well has been designed as a multi-zone infill development well, capable of producing from deeper targets while planning to bring shallower zones into production later. Meanwhile, the A37 well has shown potential through its appraisal target within the promising 500-series sands.
Future Operations and Goals
As the current drilling campaign winds down, the drilling rig has been redeployed to Licence B5/27, where operations are now underway on the Jasmine C wellhead platform. Valeura plans to maintain an aggressive drilling schedule throughout the coming year. This commitment underlines the company’s proactive approach to enhance its production capabilities and reserves consistently.
About Valeura Energy Inc.
Valeura Energy Inc. is an established Canadian public company that engages in the exploration, development, and production of petroleum and natural gas in regions such as Thailand and Türkiye. The company's strategic direction focuses on reinvesting into its asset portfolio and exploring avenues for both organic and inorganic growth across Southeast Asia. By adhering to high standards of environmental, social, and governance responsibility, Valeura aims for sustainable, value-adding growth for all stakeholders involved.
Frequently Asked Questions
What was the main outcome of the Manora drilling campaign?
The campaign successfully increased oil production from the Manora field, raising output from 2,144 bbls/d to 2,866 bbls/d.
What innovative technology was used in the drilling process?
An innovative downhole autonomous inflow control device (ICD) was incorporated into the A38 well to manage oil and water production.
What are Valeura's future plans following the drilling campaign?
Valeura intends to pursue a full year of drilling operations, aiming to enhance production further and expand its reserve base.
How does Valeura ensure responsible growth?
The company adheres to high environmental, social, and governance standards while pursuing growth opportunities.
What is Valeura Energy's operational focus area?
Valeura Energy primarily operates in Thailand and Türkiye, focusing on petroleum and natural gas exploration and production.
