(WO) – Valeura Energy has secured a long-term offshore drilling rig to support continued development and exploration across its Gulf of Thailand portfolio.
The company has chartered the Shelf Drilling Enterprise jackup rig for a three-year term through the end of 2029, with operations expected to begin in fourth-quarter 2026. The rig will initially be deployed on production acceleration projects, with additional appraisal and exploration drilling planned across Valeura’s asset base.
CEO Sean Guest said the move reflects growing confidence in the company’s reserves and drilling inventory, supported by strong reserves replacement in recent years. He added that favorable rig market conditions enabled Valeura to lock in capacity as it advances a continuous drilling program.
The company reported 57.8 MMbbl of proved and probable reserves at year-end 2025 and expects sustained activity through 2029, positioning the Gulf of Thailand as a core growth area.
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