Valeura Energy Inc. (TSX:VLE) (“Valeura” or the “Company”), the upstream oil and gas company with assets in the offshore Gulf of Thailand and the Thrace Basin of Turkey, is pleased to provide an update on its Wassana crude oil storage vessel.
Modifications to the MT Jaka Tarub crude oil storage vessel are now complete, making the vessel compatible with the Wassana field’s infrastructure and capable of tandem crude oil loading/offloading. Subject to favourable metocean conditions, the vessel will arrive at the Wassana field in the coming days, after which Valeura intends to resume oil production operations, targeting initial rates of up to 3,000 bbls/d, net to the 89% working interest share held by its subsidiary company Valeura Energy Asia Pte. Ltd.
