Vintage spuds Odin-2 in Australian Cooper Basin
Sydney-listed Vintage Energy on May 15 announced the commencement of drilling operations for the Odin-2 appraisal well in the Odin gas field, situated in the South Australian Cooper Basin.
The spudding was delayed due to excessive rainfall in the region, causing flooding and subsequent road closures that hinder ground access and disrupt the transportation of equipment to the site.
Odin-2, positioned 1.1 km northeast of the gas-producing Odin-1 appraisal well, aims to appraise the Toolachee, Epsilon, and Patchawarra reservoirs within the Odin gas field, originally discovered by Odin-1 in May 2021. With a prognosed total depth of 3,156 m, Odin-2 is anticipated to take approximately 3-4 weeks to drill and run wireline logs.
The success of Odin-1, which flowed gas at a rate of 6.5mn ft3/day from the Toolachee and Epsilon formations while confirming gas pay in the Patchawarra Formation, underscores the potential of the Odin gas field. Odin-1 commenced production appraisal in September 2023, with gas supplied to Pelican Point Power, a joint venture of Engie and Mitsui, under a long-term contract extending to December 2026.
Upon successful appraisal and gas production from Odin-2, Vintage Energy intends to expedite production by connecting the well to the Vali-Beckler pipeline through a 1.1-km flowline.
Odin is the second new gas field brought into supply by Vintage and the joint venture, following the connection of the Vali gas field in Queensland in February 2023. Gas from Vali and Odin is processed at the Moomba processing facility. Both fields have matching joint venture ownership.