Valeura Energy has secured a long-term offshore drilling rig to support continued development and exploration across its Gulf of Thailand portfolio. The company chartered the Shelf Drilling Enterprise jack-up rig for a three-year term through the end of 2029, with operations expected to begin in the fourth quarter of 2026. The move comes as the company reports 57.8 MMbbl of proved and probable reserves at year-end 2025 and signals confidence in its reserves and drilling inventory, bolstered by strong reserves replacement in recent years. CEO Sean Guest said the charter 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. Operations will initially focus on production acceleration projects, with additional appraisal and exploration drilling planned across Valeura's asset base, positioning the Gulf of Thailand as a core growth area through 2029.