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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

Post by cyber37on Jul 08, 2024 12:29pm
208 Views
Post# 36122937

Maybe......

Maybe......Shutting in a mature oil field like Wassana could also be positive from reservoir prospective; it could allow for the reservoir to re-pressurize if there is an active natural water drive (or existing water flood scheme).
Now, lost production will impact bottom line & long term NPV since theoretically shut-in oil will be recovered at the end of life cycle only. But ….hey; maybe this is an opportunity to upgrade this facility & if field comes back at higher rate not all will be lost.
G37    


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