Licence B5/27 (Jasmine and Ban Yen oil fields)

Stable mid-life oil fields

Valeura holds a 100% operated interest in Licence B5/27 containing the producing Jasmine and Ban Yen oil fields.  The fields produce approximately 7,700 bbls/d of light sweet crude oil from several stacked channel sand reservoirs of Miocene age.  Together, the Jasmine and Ban Yen fields contain 10.4 million bbls of 2P oil reserves on a gross (before royalties) basis.*

The fields have been developed by wells connected to a network of infrastructure including various pipelines and six topside facilities which perform crude oil separation and water treatment/disposal.  Production is processed and stored on a leased Floating Production Storage and Offloading vessel.  

* Reserves and resources estimates are based on an independent third party reserves and resources assessment by Netherland, Sewell & Associates, Inc. as of December 31, 2023 and more fully described in the Company’s February 21, 2024 announcement.