Canadian-based Valeura Energy announced the completion of an infill drilling campaign at the Manora field, located in the Gulf of Thailand, with results that significantly exceeded the company’s initial projections.
The operation included three strategic wells: an appraisal well (MNA-41), a sidetrack of an existing well (MNA-35ST1), and a horizontal development well (MNA-42H). All were successfully completed as oil producers and are now in operation.
Offshore Production on the Rise and Additional Discoveries
According to data reported by Valeura, daily production at the Manora field increased from 1,950 to 2,626 barrels of oil per day, thanks to the new wells coming online. This increase represents a substantial operational improvement and confirms the potential of the 300, 400, and 500 series sands.
Specifically, well MNA-41 confirmed five productive zones in the upper sands, while MNA-42H, oriented horizontally, achieved a lateral section with 168 meters of net oil pay.
Regional Strategy and Next Steps
The work was executed from the Manora A platform, operated with a 70% interest by Valeura. The campaign not only enabled development of previously identified zones, but also laid the groundwork for future developments within block G1/48.
With drilling completed on time and within budget, the company has already mobilized its rig to the Nong Yao field in block G11/48, where new production wells are planned. In that area, Valeura holds a 90% operating interest.
Strategic Positioning in Southeast Asia
Valeura Energy continues to consolidate its presence in Asia through a strategy of reinvestment in key assets and evaluation of both organic and inorganic opportunities. Its performance in Thailand reinforces its focus on sustainable growth and maximizing value for its stakeholders.
With this campaign, the company not only optimizes its current reserves, but also expands the horizon for future exploitation in one of the region’s most competitive offshore markets.
Source: Valeura Energy
Photo: Shutterstock