Valeura Energy's Jasmine Drilling: Unleashing Hidden Oil Reserves
Wednesday, Nov 27, 2024 2:11 am ET
3min read img src="https://lh-prod-oper-pub-opercenter.s3.amazonaws.com/discovery-image/compress-19d5fa1feacbc002.png" style="max-width: 100%;"/>
Valeura Energy Inc. has recently announced a significant drilling update at its Jasmine field in the Gulf of Thailand, revealing a 26% increase in oil production rates. This impressive growth is attributed to a successful five-well infill drilling campaign, which has not only boosted production but also unearthed new potential for future development.
The drilling campaign, which included two wells on the Jasmine A platform and three on the Jasmine D platform, was completed with a 100% success rate. The JSD-42 well, targeting the 250 sand reservoir, discovered five additional future producing zones. Meanwhile, the horizontal wells JSD-41H and JSD-43H extended over 2,000ft with 100% net sand, optimizing oil extraction from the 680-1 sand reservoir.
With aggregate oil production reaching 9,801 bbls/d, Valeura Energy has demonstrated its operational prowess and commitment to sustainable growth. The identification of additional oil-bearing intervals and the 100% success rate in horizontal well development further enhance Valeura's growth prospects.
This drilling update underscores Valeura Energy's strategic approach to maximizing returns on investments in petroleum production. The company's focus on organic growth and strategic acquisitions aligns with the author's investment values, favoring 'boring but lucrative' stocks that offer steady performance without surprises.
As Valeura Energy continues to capitalize on its operational successes, investors should keep an eye on the company's progress. The increased production secures ongoing cash flow and extends the economic life of the asset, potentially exceeding a 100% reserves replacement ratio. This positions Valeura favorably within the energy sector, attracting investors seeking stable, predictable growth.
In conclusion, Valeura Energy's Jasmine development drilling update highlights the company's operational capabilities and the untapped potential of its assets. The successful completion of the five-well program demonstrates Valeura's commitment to organic growth and strategic acquisitions, further enhancing its market position in the energy sector. With a strong focus on stability, predictability, and consistent growth, Valeura Energy is an attractive investment opportunity for those seeking a balanced portfolio that combines growth and value stocks.
Valeura Energy Inc. has recently announced a significant drilling update at its Jasmine field in the Gulf of Thailand, revealing a 26% increase in oil production rates. This impressive growth is attributed to a successful five-well infill drilling campaign, which has not only boosted production but also unearthed new potential for future development.
The drilling campaign, which included two wells on the Jasmine A platform and three on the Jasmine D platform, was completed with a 100% success rate. The JSD-42 well, targeting the 250 sand reservoir, discovered five additional future producing zones. Meanwhile, the horizontal wells JSD-41H and JSD-43H extended over 2,000ft with 100% net sand, optimizing oil extraction from the 680-1 sand reservoir.
With aggregate oil production reaching 9,801 bbls/d, Valeura Energy has demonstrated its operational prowess and commitment to sustainable growth. The identification of additional oil-bearing intervals and the 100% success rate in horizontal well development further enhance Valeura's growth prospects.
VLO Total Revenue YoY, Total Revenue
This drilling update underscores Valeura Energy's strategic approach to maximizing returns on investments in petroleum production. The company's focus on organic growth and strategic acquisitions aligns with the author's investment values, favoring 'boring but lucrative' stocks that offer steady performance without surprises.
As Valeura Energy continues to capitalize on its operational successes, investors should keep an eye on the company's progress. The increased production secures ongoing cash flow and extends the economic life of the asset, potentially exceeding a 100% reserves replacement ratio. This positions Valeura favorably within the energy sector, attracting investors seeking stable, predictable growth.
In conclusion, Valeura Energy's Jasmine development drilling update highlights the company's operational capabilities and the untapped potential of its assets. The successful completion of the five-well program demonstrates Valeura's commitment to organic growth and strategic acquisitions, further enhancing its market position in the energy sector. With a strong focus on stability, predictability, and consistent growth, Valeura Energy is an attractive investment opportunity for those seeking a balanced portfolio that combines growth and value stocks.
