Canada-based Valeura Energy, an oil and gas company, has achieved an oil production boost thanks to its infill drilling program at an oil field off the coast of Thailand, Southeast Asia
Valeura claims that its Manora infill drilling campaign in the Gulf of Thailand has exceeded management’s expectations. This asset is located in Block G1/48, in which the firm holds a 70% operated working interest.
Dr. Sean Guest, Valeura’s President and CEO, commented: “Our Manora drilling campaign illustrates that we can continue adding to the ultimate production potential of our Gulf of Thailand fields.
“Our approach is to take every opportunity to appraise potential future development locations while developing known reservoir intervals. We have once again delivered new production from the field and also laid the basis for further development in the future.”
The company’s campaign comprised two infill development targets and one appraisal well from the Manora A platform. All wells are said to have been successful, and the appraisal well was found to be optimally positioned for use as a production well.As a result, all three wells have been completed as oil producers and are now on stream, increasing Manora’s oil production from an average of 1,950 bbls/d, prior to the first new well coming onstream, to a more recent average of 2,626 bbls/d (working interest share oil production before royalites).
Valeura’s management expects that the newly encountered reservoir intervals will be considered in the next evaluation of reserves and could be additive to the ultimate potential and economic life of the asset.