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IN BRIEF: Valeura says mobile production unit on way to Nong Yao

Tue, 13th Feb 2024 12:27

Valeura Energy Inc - Alberta, Canada-based Thailand and Turkey-focused oil and gas company - Says a mobile production unit for its Nong Yao field is en route, in preparation for the development of the Nong Yao C accumulation. First oil is expected at the end of the second quarter of 2024. In addition, Valeura says it is currently executing a development drilling programme on its Wassana field, and in light of favourable initial results, has opted to expand the scope of the programme from three horizontal wells to five. All three wells drilled so far have encountered their targets in line with expectations, it says.

Current stock price: CAD3.44

12-month change: up 40%

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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