• The PV Drilling I jack-up drilling rig has been contracted to start drilling at Wassana in 2Q23, in line with expectations. Despite a steep increase in world-wide rig costs, the infill drilling campaign cost is increasing by only 5-7%.
• The underwater survey work at the Wassana MOPU is now complete and the company is finalizing the paperwork to obtain certification of the vessel during 4Q22.
• A contract for an FSO continues to be expected to be signed in 4Q22. We expect some cost inflation. ....
04 Oct 2022
Valeura Energy (TSX: VLE): Reiterating production guidance of 3,000 bbl/d before YE22. Rig contracted to drill in 2Q23.
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): Reiterating production guidance of 3,000 bbl/d before YE22. Rig contracted to drill in 2Q23.
• The PV Drilling I jack-up drilling rig has been contracted to start drilling at Wassana in 2Q23, in line with expectations. Despite a steep increase in world-wide rig costs, the infill drilling campaign cost is increasing by only 5-7%.
• The underwater survey work at the Wassana MOPU is now complete and the company is finalizing the paperwork to obtain certification of the vessel during 4Q22.
• A contract for an FSO continues to be expected to be signed in 4Q22. We expect some cost inflation. ....