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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 theSwede99on Jun 16, 2019 2:37pm
169 Views
Post# 29830365

RE:RE:A technical question !

RE:RE:A technical question !
firstworld wrote: There is no reason to do VT an HZ same time. They can do as many HZ bores as they want 360 degrees and different depths multiplied many times on a pad. It's a money machine once they have it perfected after few years of fine tuning that will increase results >4X (+/-) initial HZ results.
Goaweigh wrote: Can we produce from a vertical frac and a horizontal frac at the same time ?
Let's assume that the news we will get on Monday is the confirmation that the lowest sweet spot at Inanli is robust and although it might be a bit deep to drill horizontally it still will be a good producer as a vertical. On test # 2 we get similiar news but that zone is also a bit deep to go horizontally so we will produce it vertically. Remember that we were told we had 4 sweet spots, two deep and two shallow.
So now we have moved up to zone # 3 and we go horizontally for 2,000 meters.
And then we move up again to zone # 4 and we go horizontally again for 2,000 meters.

So the question is how many of these zones and which of them can we produce from simultaneously.
We know we could produce from the two verticals at the same time but can we produce from a horizontal with a vertical at the same time ?
How about two horizontals at the same time. ? 
Maybe all 4 !!!!
 





This is my understanding as well after talking with an industry insider recently, although he did say that you can frac HZ from the same vertical well.  His other comment I found interesting (he works for SU.T north of Ft. McMurray) is that formation water is to be expected and dealt with accordingly as the play matures (imagine the amount of water these guys deal with in a SAGD operation!).  I found it somewhat comical as well when he said that there is a lot of espionage in the business, therefore drilling tactics and methods are kept as secret as possible!
Bullboard Posts