SINGAPORE - Valeura Energy Inc. (TSX:VLE, OTCQX:VLERF) completed an eight-well drilling campaign at its Nong Yao field in the offshore Gulf of Thailand, according to a press release statement issued Thursday.
The program included one appraisal well and seven horizontal development wells drilled from the Nong Yao A and B platforms on block G11/48, where Valeura holds a 90% operated working interest. All development wells encountered their targets and were brought online as producers.
One of the development wells, NYA-42ST1H, drilled a horizontal lateral measuring 4,960 feet, which the company stated set a Gulf of Thailand record for the longest horizontal lateral.
The campaign included the company’s first multi-lateral well, NYB-02ST1, which featured a junction point from which two separate horizontal production legs were drilled, each targeting a different reservoir interval. The company stated this was the first multi-lateral of this complexity attempted in Thailand.
Oil production from the Nong Yao field increased to approximately 10,500 barrels per day for the seven-day period ending Monday, compared to 8,870 barrels per day for the seven-day period ending April 4, 2026. The figures represent Valeura’s working interest share before royalties. The increase resulted from both the drilling campaign and concurrent well workover activities on the Nong Yao B and C platforms.
The company’s contracted drilling rig has been mobilized to the Jasmine field on block B5/27, where Valeura holds 100% interest. The company plans to conduct a five-well drilling program at that location, consisting of three single-bore development wells and one two-wellbore multi-lateral development well.
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