(World Oil) – Valeura Energy averaged 22,100 bpd of oil production during the third quarter of 2026 as the company advanced several offshore Thailand projects, including the Wassana redevelopment, Bussabong gas development and its recently discovered Suraphi oil field.Source: Valeura EnergyWorking-interest production before royalties was in line with Valeura’s plans for the quarter. The company sold 2.013 million bbl of oil at an average realized price of $97.40/bbl, generating $196.1 million in revenue.During the quarter, Valeura made the Suraphi oil discovery on Block G1/48, where it holds a 90% operated working interest. The company said the discovery could support additional oil development and potentially extend the productive life of the nearby Manora field.Valeura also reached a final investment decision on the first phase of development at the Bussabong gas field on Block G3/65. The company has a 40% non-operated working interest in the block, with Thailand’s cabinet approving assignment of the interest to Valeura. Completion is anticipated in October.At the Wassana field on Block G10/48, onshore construction of a new central processing platform (CPP) was completed Oct. 1, ahead of schedule. The jacket and CPP have been loaded onto vessels for transportation and installation offshore beginning in October.Installation of an oil export pipeline connecting the new CPP to the field’s floating storage and offloading vessel was completed in September. Valeura plans to begin development drilling at Wassana in late 2026, with first oil from the CPP forecast around the beginning of the second quarter of 2027.The company said the Wassana redevelopment remains on track to run approximately two months ahead of its original schedule.Valeura also reached cumulative production of 100 million bbl from its Jasmine field on Sept. 21. The company holds a 100% operated interest in the field.“Our Q3 2026 production was exactly on plan, and once again, confirms our guidance expectations for the full year 2026,” said President and CEO Sean Guest. “During Q3, we advanced several strategic priorities including securing government approval for our Block G1/65 and G3/65 farm-in, and thereafter taking a final investment decision to pursue the first phase of gas development on the Bussabong field.”Valeura ended the quarter with $384.9 million in cash, including $15.8 million of restricted cash, and no debt.