Reliable and Efficient Operations
Operational excellence is essential to Valeura’s strategy, with Reliable and Efficient Operations identified as a material topic supporting long-term business sustainability. Reliable operations underpin production continuity, safety performance and environmental management, while enabling compliance with regulatory requirements and stakeholder expectations.
Management Approach
Our approach rests on five interconnected pillars, each underpinned by specific enablers that together drive measurable value – from reduced emissions and extended asset life to sustained performance improvement, as illustrated below.
Reliable Operations Through Preventive Maintenance and Asset Integrity Management
Valeura prioritises preventive maintenance and asset integrity management (AIM) to protect personnel, the environment and operational assets. The Company maintains compliance with regulatory requirements and international standards through established management systems supporting safe and efficient operations.
Automation systems monitor equipment condition, particularly safety-critical systems, supporting reliability and extending asset life. Engineering modifications are managed through a structured Management of Change (MOC) process to assess risks and maintain compliance with applicable standards.
Mature Asset Management
Valeura manages mature assets through a risk-based approach supported by scheduled maintenance and inspection programmes to maintain reliability and minimise operational disruption.
Lifecycle evaluations assess asset condition, maintenance history, operating status and remaining life to support retirement planning and cost-effective operations.
Failure Modes and Effects Analysis (FMEA) is applied during asset registration to determine equipment criticality and define maintenance strategies. During operations, Root Cause Analysis (RCA) is used to identify failure causes and strengthen preventive programmes.
Monthly Maintenance and Integrity Status Reports
Valeura generates Monthly Maintenance and Integrity Status Reports to monitor performance, identify risks and define improvement actions. These digital reports support data-driven decision-making and track progress on operational integrity.
External Specialists Engagement
Valeura periodically engages external specialists to verify asset integrity and compliance with applicable standards. Independent assessments of critical assets provide recommendations that inform maintenance planning and operational improvements.
Efficient Operations
Hub-based Synergy
Valeura follows a hub-based logistics model to optimise operational performance. Operations are divided into two hubs: the North hub (Jasmine and Manora fields) and the South hub (Nong Yao and Wassana fields), enabling resource sharing and operational synergies.
- Marine vessel optimisation: A fleet of dedicated and shared vessels supports multiple fields, enabling flexible deployment and improved utilisation across production support, drilling, well servicing and construction activities.
- Shared helicopter operations: Helicopter services are consolidated within each hub to improve scheduling efficiency and reduce transportation costs between offshore fields and shore bases.
- Integrated inventory and supply management: A unified warehouse and digital inventory system allows cross-department visibility of stock availability, reducing duplication and improving material availability.
This hub-based logistics structure improves resource utilisation, reduces operational costs and strengthens coordination across offshore operations.
Lean Processes
Valeura applies lean principles to annual field turnarounds to improve workflow efficiency and minimise downtime. Critical shutdown scopes are identified through challenge workshops and optimised execution planning.
The use of just-in-time resource allocation and standardised procedures supports efficient turnaround execution, reducing costs and improving equipment reliability.