Vintage Energy to begin Odin gas development work

July 19, 2022
The Cooper basin JV led by Vintage Energy has agreed to begin work on development of the Odin natural gas discovery in PRL 211 in the South Australian sector of Cooper basin.

The Cooper basin joint venture led by Adelaide’s Vintage Energy Ltd. has agreed to begin work on proposed development of the Odin natural gas discovery in petroleum retention lease PRL 211 in the South Australian sector of Cooper basin.

The discovery, as mapped, straddles the permit and state boundary with adjoining Queensland permit ATP 2021, containing the JV’s Vali gas field which will be brought onstream in October 2022.

Vintage said the JV has agreed to begin concept engineering for connection of Odin field to the Vali-Beckler pipeline which is due to begin construction in August and will connect to the Moomba gas plant in South Australia. It has also agreed to prepare a commercial plan for marketing Odin gas.

The group anticipates that once a gas sales agreement has been made, field development work could begin early 2023 with gas from Odin brought onstream later that same year.

Vintage managing director Neil Gibbins said commitment to the Odin work program was supported by keen customer interest for the gas supply to eastern Australia. With that in mind, the JV has decided to prioritize gas sales over exploration in the near-term, he added.

Concept engineering and work to commercialize Odin will be quickly followed by front-end engineering and design, detailed engineering, procurement, and construction.

The Odin gas discovery was made in May 2021 and has been independently assessed as containing a 2C contingent resource of 36.4 bcf of gas in the Permian-age Toolachee, Epsilon, Patchawarra, and Tirrawarra formation reservoirs in Cooper basin.

The discovery well was flow-tested from Epsilon and Toolachee formations at a stable rate of 6.5 MMcfd at a wellhead flowing pressure of 1,823 psi through a 7/16-in. fixed choke.

Interests in both PRL 211 and ATP 2021 are Vintage 50% and operatorship, Metgasco Ltd. and Bridgeport Energy Ltd. each with 25%.