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Valeura Energy Inc. T.VLE

Alternate Symbol(s):  VLERF

Valeura Energy Inc. is an upstream oil and gas company engaged in the production, development, and exploration of petroleum and natural gas in the Gulf of Thailand and the Thrace Basin of Turkiye. The Company holds an operating working interest in four shallow water offshore licenses in the Gulf of Thailand, which include G10/48 (Wassana field), B5/27 (Jasmine and Ban Yen fields), G1/48 (Manora field) and G11/48 (Nong Yao field). It holds a 100% operating interest in license B5/27 containing the producing Jasmine and Ban Yen oil fields. It holds an operated 70% working interest in license G1/48 containing the Manora oil field, which produces approximately 2,935 barrels per day (bbls/d) of medium-weight sweet crude oil. The Company holds interests ranging from 63% through 100% in various leases and licenses in the Thrace basin. The Company also operates Floating Storage and Offloading (FSO) vessel Aurora, location at Nong Yao field, offshore Gulf of Thailand.


TSX:VLE - Post by User

Bullboard Posts
Comment by Lurker11on Dec 11, 2017 9:32pm
167 Views
Post# 27134895

RE:Technical Questions

RE:Technical QuestionsHey Johnson85, there is a couple things I was thinking it could be but the most common is plugging with sand where there is narrowing within the frack interval.  You want the sand that’s injected to stay in the formation to support the fractures created but some always comes back with the water during flowback/cleanup and testing.  It builds up along the upstream side of the restriction and eventually partially or fully obstructs the flow.   Viking says wax but I have my doubts but I suppose is possible (we will eventually find out).  Either way fixable and one of the normal challenges that can be encountered, thats why it wasn’t mentioned.
At a high level gel fracks are combination of chemicals including a gelling agent to form a viscous gel like solution that keeps the proppant (sand) evenly distributed in the solution quite well but because of a higher viscosity has trouble penetrating smaller fracture spaces.  A slick water frac doesn't use a gelling agent but uses a friction reducing chemical (hence the name slick water) as well ad potentialy other chemicals which is much less viscous than gel fracs and can penetrate small fracture spaces better but the proppant (sand) isn’t as well distributed.  For the Yayli well VLE tried a gel frac because they have used it before on some of their conventional wells I believe so they were comfortable with it so gave it a shot.  It wasn’t the best frac for the formation and couldn’t unload the well when they flowed it back probably because the small gel frac wasn’t that successful and then the coiled tubing unit was too small to help it out.  Hopefully the formation isn’t damaged and they can go back to it.
Bullboard Posts