Offshore drilling. (Source: Shutterstock)
Canada’s Valeura Energy Inc. has completed an infill drilling campaign at the offshore Jasmine Field in License B5/27 in the Gulf of Thailand.
Valeura, which hold a 100% operated working interest, has hit aggregate oil production of nearly 10,000 bbl/d during the past seven days, Sean Guest, president and CEO said in a Nov. 27 press release.
"Maintaining oil production at this asset is key to generating ongoing cashflow from our portfolio,” Guest said. “In addition, the fact that we continue to see appraisal successes at this relatively mature field bodes well for our objective to further extend the economic life of the asset. We expect the results of these wells, and the recent production rates to be considered as part of our year-end reserves assessment, and to support our target of achieving more than a 100% reserves replacement ratio."
Valeura drilled a five-well program comprised of two infill development wells on the Jasmine A platform, which were completed in September. More recently, three infill development wells on the Jasmine D platform were all successful, the company said, and have been brought online as producers while also successfully appraising several additional reservoir intervals.
The five wells’ aggregate oil production averaged 9,801 bbl/d (before royalties) from Nov. 19 to Nov. 25—an increase of 26% from rates just prior to the new wells coming online.
Following the Jasmine D infill drilling program, the company's contracted drilling rig has been moved to the Manora Field on License G1/48 (70% working interest), where it has started operations on a five-well infill drilling program, comprised of three production-oriented wells and two appraisals.
Recommended Reading
Sabine Oil & Gas to Add 4th Haynesville Rig as Gas Prices Rise
2025-03-19 - Sabine, owned by Japanese firm Osaka Oil & Gas, will add a fourth rig on its East Texas leasehold next month, President and CEO Carl Isaac said.
New Era Helium, Sharon AI Launch Phase 1 of Data Center JV
2025-04-16 - New Era Helium Inc. and Sharon AI Inc.’s joint venture Texas Critical Data Centers LLC has started on the first phase of development for its 250-MW facility.
Ring May Drill—or Sell—Barnett, Devonian Assets in Eastern Permian
2025-03-07 - Ring Energy could look to drill—or sell—Barnett and Devonian horizontal locations on the eastern side of the Permian’s Central Basin Platform. Major E&Ps are testing and tinkering on Barnett well designs nearby.
IOG, Elevation Resources to Jointly Develop Permian Wells
2025-04-10 - IOG Resources and Elevation Resources’ partnership will focus on drilling 10 horizontal Barnett wells in the Permian’s Andrews County, Texas.
PE Firm Voyager to Merge Haynesville OFS Firm with Permian’s Tejas
2025-03-17 - Private equity firm Voyager Interests’ Haynesville Shale portfolio company VooDoo Energy Services will merge with Tejas Completion Services as part of a transaction backing Tejas, Voyager said.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.