Valeura holds an operated 90% working interest in Licence G11/48 containing the Nong Yao oil field, which produces medium sweet crude oil from reservoirs of Miocene age. The Nong Yao oil field contains 16.9 million bbls of 2P oil reserves, on a gross (before royalties) working interest share basis.*
The Nong Yao field has been developed by wells, drilled from two wellhead platforms and a mobile offshore production unit, which are connected to a Valeura-owned Floating Storage and Offloading vessel.
Production has grown under Valeura’s operatorship, owing largely to commercialisation of a southern extension of the field known as the Nong Yao C accumulation, which came on stream in Q2 2024.
In addition, Valeura has identified various additional small oil accumulations on the block, which will be the subject of future study to assess development potential.
The remaining 10% interest in the licence is held by Palang Sophon.
