VLE, CA9191444020

Valeura Energy started Wassana installation: what it means for Valeura Energy stock

Published on 10/26/2026 at 12:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 revenue reached USD 196.10 million as Wassana installation began early. Valeura Energy stock costs EUR 11.05 on October 26, 2026.

Wassana timetable and production

Offshore installation began on October 9, 2026, with 430,000 barrels of additional 2027 production projected.
The new platform is expected to reach 7,500 barrels per day at plateau.
Valeura Energy stock trades at EUR 11.05 at 12:05 p.m. CET at Lang & Schwarz on October 26, 2026.

VLE, CA9191444020, Illustration mit AI erstellt.

Valeura Energy (ISIN CA9191444020) was trading at EUR 11.05 at Lang & Schwarz on October 26, 2026 at 12:05 p.m. CET. The company had started offshore installation at its Wassana redevelopment on October 9, 2026, two months ahead of the original schedule, according to Offshore Energy.

What does Wassana add?

The new central processing platform is expected to support plateau production of 7,500 barrels of oil per day. Valeura expects first oil around the beginning of the second quarter of 2027, while the accelerated schedule could add 430,000 barrels of oil production in 2027 compared with the original plan, Offshore Energy reported on October 9, 2026.

Three milestones shaped the year

On July 9, 2026, Valeura reported Q2 revenue of USD 259.80 million and production of 22.3 thousand barrels per day in its operations update, compared with Q3 revenue of USD 196.10 million and production of 22.1 thousand barrels per day reported on October 7, 2026, according to Valeura Energy and Valeura Energy. On October 9, 2026, offshore installation began at Wassana, completing the three-stage chronology with the project running two months ahead of schedule.

When are the next milestones?

Valeura has arranged for the Shelf Enterprise rig charter to begin on November 1, 2026, with development drilling planned later in the year. The company plans to publish its full unaudited Q3 2026 financial and operating results on November 11, 2026, according to RTTNews and the company update.

Cash supports the development plan

Valeura reported USD 384.90 million in cash and no debt at September 30, 2026. Its Q3 update also recorded 2.013 million barrels of oil sales and an average realized price of USD 97.40 per barrel. The figures give the Wassana work a stronger financial base, although execution remains tied to drilling and installation schedules.

Valeura Energy stock price

The stock was trading at EUR 11.05 at Lang & Schwarz on October 26, 2026 at 12:05 p.m. CET. The company is listed on the Toronto Stock Exchange under ticker VLE and operates in petroleum and natural gas exploration, development and production in Thailand and Türkiye. The further course of trading is shown by the continuously updated real-time quote of Valeura Energy stock.