Valeura energy owns 90% of the Nong Yao field. Credit: Puri Kititanadol via Shutterstock.

Canadian upstream oil and gas company Valeura Energy has reached full production capacity at its Nong Yao C development, in Licence G11/48, offshore the Gulf of Thailand.

First production from the development started in mid-August. A seventh well is set to be added at Nong Yao C within the next few weeks to create spare production capacity.

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Just a few days ago, the company said in press statement that it planned to continue increasing production volumes to reach peak production rates of around 11,000 barrels per day (bpd), up from about 7,200bpd in early August.

Valeura Energy owns 90% of the Nong Yao field and Thai oil and gas company Palang Sophon owns 10%.

The company also highlighted the role of its Wassana oil field, which is back online following a precautionary suspension in July due to a crack within a weld that was deemed superficial. Wassana is in the G10/48 concession, where Valeura Energy holds a 100% interest.

Valeura Energy president and CEO Sean Guest said: “Commissioning of the new facility and the ramp up in production proceeded rapidly, and without incident.”

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The company’s work programme for the remainder of 2024 entails drilling infill development wells at both the Jasmine and Manora fields in the Gulf of Thailand.

Valuera Energy owns 100% and 70% interests in the Jasmine and Manora fields in the Gulf of Thailand, respectively.

In April, the company made three discoveries in the Nong Yao and Wassana oilfields, recovering over 150ft of new oil.

Valeura Energy intends to reinvest in its producing asset portfolio and deploy resources towards further organic and inorganic growth in South East Asia, in addition to its operations in Türkiye.