Vintage spuds Odin-1 in Cooper basin
Sydney-listed Vintage Energy has spudded the Odin-1 exploration in Australia's Cooper basin, it said on May 18.
The Odin-1 exploration well was spudded on May 15 and has reached a depth of 1,658 m. The well is expected to hit the Toolachee formation, the first of the key target zones, this weekend.
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“This is a very exciting phase for Vintage as we look to shore up a multi-well field at Vali and test a new prospect with Odin-1,” Vintage managing director Neil Gibbins said. Odin-1 is around 7 km west of the Vali gas field.
Vintage said Vali-3 will be drilled around early June, immediately after the Odin-1 drilling is completed. The Vali field already has Vali-1 ST1, and Vali-2 cased for future production, with Vali-3 also targeting gas in the Patchawarra formation. The field was discovered in January 2020, when a well encountered a gas pay in Nappamerri, Toolachee and Patchawarra formations.
The Vali joint venture comprising Vintage, Metgasco and Bridgeport was granted approval last week by the Australian Competition and Consumer Commission to enter into joint gas marketing arrangements.