Valeura Energy makes three oil discoveries

Canadian oil and gas company Valeura Energy has made three oil discoveries on its assets in the offshore Gulf of Thailand.

The Nong Yao-13 well was drilled to 5,399ft measured depth and more than 30ft of new oil resources were discovered across several intervals. In a press statement, the company noted that the result confirmed that oil had successfully migrated into this area of the block, an area that Valeura felt was at risk of containing nothing.

According to Valeura, reservoirs containing similar oil reserves are recurring across the Nong Yoa area and will be investigated further. Additional work includes follow-up exploration and appraisal drilling in the vicinity, with the objective of amassing sufficient volumes to justify future development.

The company also made discoveries at two wells drilled north of the Wassana oil field. The first well, known as Niramai-4, is located 1km north-east of the successful Niramai-1 oil discovery, which was originally drilled in 2009. The new Niramai-4 well was drilled to 7,312ft measured depth, and more than 90ft of new oil was discovered across two reservoirs.

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