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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 firstworldon Jul 01, 2024 3:41pm
121 Views
Post# 36113557

RE:Steel things break and corrode

RE:Steel things break and corrode
energee wrote:
Proactive - is what they did. Shows safety matters and they are on it.  No incident just temporary suspension of production.  This management team is straightforward and respected.  Most likely ould lead to an upsized platform.  Must be a few of them in the area given Chevron's large abandonment program. 

Losing 25% of yoir production due to equip fatigue stress vracking that was likey identifoed many months ago is the furthest frpm.proactive.  

Its 100% neglegence, failure to ensure critical equipment fitness.

This will be the first of many cracks etc....once they start repairing expect discovery of mang more issues and many monhts of delays.

Thay need a new one which is 24-48 months out
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