Valeura Energy Inc. announced the re-start of oil production at the Wassana field, offshore Gulf of Thailand. Production resumed safely on December 8, 2023. The immediate contribution of production is a welcome addition to portfolio, and Furthermore, with all aspects of the field now being conducted in accordance with high standards for operational excellence, the company are turning attention immediately to growth.

The company have a brief window of opportunity in overall drilling sequence plan to drill three wells at Wassana commencing later this month, which company anticipate will increase production capacity to over 4,000 bbl/d, before re-deploying the rig to Nong Yao C development early in 2024. The company team is also working toward a potential longer-term re-development of the Wassana field, to commercialise the two appraisal discoveries made in Third Quarter 2023 by adding reserves and expanding the overall capacity of the field. The Wassana field's oil storage and offloading vessel, the MT Jaka Tarub remains owned by the Buana Lintas Lautan Group, and is chartered by company to store crude oil produced from the field.

Three60 Energy Group, an independent energy service company offering complete asset life cycle expertise covering various facets of the global upstream industry, has been appointed to operate the MT Jaka Tarub vessel for the remaining duration of its charter.