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Valeura Charters Jack-up Rig For 3 Years to Boost Gulf of Thailand Output

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Valeura Energy said Wednesday it had agreed to charter the Enterprise jack-up drilling rig for three years through Dec. 31, 2029, as it ramps up drilling activity in the offshore Gulf of Thailand.

The oil and gas producer said it expects to begin using the rig in Q4, targeting projects to accelerate output. The agreement includes flexibility on the start date, allowing the company to align deployment with its drilling schedule.

Sean Guest, president and CEO of Valeura, said the energy firm's asset base has been "materially transformed" following three consecutive years of about 200% reserves replacement, with proved and probable reserves reaching 57.8 million barrels as of end-2025.

Valeura said its financial position remains resilient despite lower commodity prices seen in late 2025, and it plans to pursue development, appraisal and exploration drilling across its portfolio.

Enterprise, owned by ADES' subsidiary Shelf Drilling, is capable of operating across offshore fields in the Gulf of Thailand.

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