Valeura holds a 100% operated interest in Licence B5/27 containing the producing Jasmine and Ban Yen oil fields. The fields produce approximately 9,000 bbls/d of light sweet crude oil from several stacked channel sand reservoirs of Miocene age. Together, the Jasmine and Ban Yen fields contain 10.0 million bbls of 2P oil reserves.*
The fields have been developed by over 140 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. The crude oil is typically sold into the local market at prices approximately US$2/bbl below the Brent crude oil benchmark.