Valeura Energy Charters the Enterprise Drilling Rig
Valeura Energy (VLE.TO) on Wednesday said it agreed to charter the Shelf Drilling Enterprise jack-up drilling rig for a three-year term that runs to 31 December 2029.The company has an option on the start date and currently plans to start drilling operations with the rig in Q4 2026, initially focused on delivering production acceleration projects. The Enterprise is a premium jack-up drilling rig owned by Shelf Drilling (Southeast Asia) Limited, a unit of ADES Holding Company, which is suitable for drilling operations anywhere in the offshore Gulf of Thailand."With 57.8 mmbbls of proved plus probable reserves as of 31 December 2025, we see more opportunity and a larger inventory of drilling targets within our core Gulf of Thailand portfolio," said Valeura Energy Chief Executive Sean Guest. "At the same time, we see a favourable pricing environment within the rig market, so we are moving decisively to capitalise on the opportunity before us by locking in the Enterprise rig for a term of three years."Shares of the company closed up 0.1% to $11.68 on Tuesday on the Toronto Stock Exchange.