Vintage strikes gas at Odin-1 well
Sydney-listed Vintage Energy on May 31 said Odin-1 well in Australia's Cooper basin has confirmed “extensive” gas pay. The well will be cased and suspended for future production.
Vintage said that extensive gas shows were encountered in sandstones through the primary target Toolachee and Patchawarra formations, as well as a basal sand in a secondary target in the Epsilon formation. The Odin-1 exploration well reached total depth at 3,140 m on May 26, with the SLR184 rig soon to be mobilised to drill the Vali-3 appraisal well in ATP 2021.
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“We are now moving towards an initial phase of development at the Vali field, with the Odin-1 well to add further to the overall gas volumes in the area,” Neil Gibbins, Vintage managing director, said. “With the ACCC approving the joint marketing of gas from the Vali field, we will now actively market gas for the Australian east coast gas market on an initial development phase targeting first gas in the second quarter of 2022.”
The Vali 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 recently granted approval by the Australian Competition and Consumer Commission to enter into joint gas marketing arrangements.