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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

Comment by Hannamukon Dec 12, 2022 12:49pm
151 Views
Post# 35166398

RE:RE:20% Exploration Success of Nong Yao by New Technology

RE:RE:20% Exploration Success of Nong Yao by New TechnologyActually this has been standard in the North Sea for 15 years, useful  reservoir geophysics!

cyber37 wrote: This abstract describes use of seismic data to determine type of fluid in pore space of the structure; this is relatively new and if successful can be incredibly useful in drilling for hydrocarbons (excluding brine….water).
I can see how chances of success are as high as 20%, where with conventional seismic company would be lucky to look at 3 to 7%. This is only one example of technological advances made in recent years where older fields can be re-exploited with new technology.     
G37


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