SINGAPORE (WO) — Valeura Energy Inc. reported higher production and continued growth across its Thailand portfolio in the third quarter, driven by a ten-well drilling campaign at the Nong Yao field on block G11/48 in the Gulf of Thailand.
The campaign lifted Valeura’s working interest oil production to 24,800 bpd by quarter-end, up from an average of 23,000 bpd in Q3, the company said. All new wells were drilled safely, on time, and within budget.
“Our strong operational performance continued in Q3 2025, including an extensive drilling campaign at our Nong Yao field,” said Dr. Sean Guest, Valeura President and CEO. “Both through accessing new reservoirs and ensuring the optimal sweep of existing production intervals, we continue to add reserves and extend the economic lives of our fields.”
Valeura said the Nong Yao campaign accessed new reservoirs farther from production facilities than previously possible, while maintaining high safety standards. The company’s rig has since mobilized to the Jasmine field, where up to nine additional development wells are planned.
The company also advanced construction on the Wassana field redevelopment project, targeting first oil in Q2 2027, and expanded its Gulf of Thailand footprint through a strategic farm-in with PTT Exploration and Production (PTTEP). Recent wells drilled on the G1/65 and G3/65 blocks have discovered gas, which may lead to future field development.
Valeura ended the quarter with $248 million in cash and no debt. Full financial and operational results for Q3 2025 will be released on November 14, 2025.
