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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 is also pursuing organic and inorganic growth in Southeast Asia.


TSX:VLE - Post by User

Comment by Hannamukon Aug 05, 2022 10:38am
92 Views
Post# 34874024

RE:RE:Vle sponsored shallow Turkey wells in q2!

RE:RE:Vle sponsored shallow Turkey wells in q2!
bullhorn3 wrote: If a partner can't be found for the expensive deep gas well, are there any locations where shallow gas wells can be drilled, either with or without a partner? I presume that if such locations exist, the flow rates would be reduced, but still deliver needed gas to Turkey and be profitable to VLE.

Shallow wells can have even better flow rates like Bati Gurgen well:

The main completion program consisted of perforating approximately 13 metres of conventional stacked sands in the Osmancik formation below 1,480 metres and carrying out a 24-hour production test. Over this period, 3,448 Mcf of natural gas, 15 barrels of condensate and minimal water were produced at a stable restricted rate of approximately 3.4 MMcf/d through a 36/64ths inch choke and a final flowing wellhead pressure of 1,307 pounds per square inch. It is expected that the Danismen formation will be completed within one or two months after the well is on production to permit further performance monitoring of the Osmancik formation 
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