• Production at Wassana has been suspended following the discovery of a crack within one of the MOPU’s steel jack-up legs that could pose a risk to the structural integrity of the MOPU.
• The company is conducting further inspections and analysis to plan next steps. Further visibility is expected in the coming weeks.
• Pending further details, we are assuming no production at Wassana during 2H24 (~4 mbbl/d previously).
• We are also reducing our opex forecast for 2H24 by US$12 mm (50% of US$24 m ....
27 Jun 2024
Valeura Energy (TSX: VLE): Operational blip offers an opportunity for investors
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Valeura Energy (TSX: VLE): Operational blip offers an opportunity for investors
• Production at Wassana has been suspended following the discovery of a crack within one of the MOPU’s steel jack-up legs that could pose a risk to the structural integrity of the MOPU.
• The company is conducting further inspections and analysis to plan next steps. Further visibility is expected in the coming weeks.
• Pending further details, we are assuming no production at Wassana during 2H24 (~4 mbbl/d previously).
• We are also reducing our opex forecast for 2H24 by US$12 mm (50% of US$24 m ....