Vintage’s Odin-2 well in Australia to be developed as future gas producer
Australia’s Vintage Energy announced on June 3 that the Odin-2 appraisal well in the Odin gas field in the South Australian Cooper Basin will be cased and suspended for future gas production. The well was spudded last month.
The well, drilled to appraise the eastern flank of the Odin gas field, encountered gas pay in the Toolachee, Epsilon, and Patchawarra formations—the primary targets. Preliminary interpretation of wireline log data indicates conventional net gas pay of 11 meters in the Toolachee formation, 3 meters in the Epsilon formation, and 45 meters in the Patchawarra formation.
Further assessment and a perforation strategy will be developed once the wireline data is fully processed and evaluated, Vinatge said.
"While results are preliminary, it appears the well has fulfilled our objectives of adding another producer to supplement our gas sales from Odin-1. We look forward to completing the interpretation and analysis of the results and working with our fellow joint venturers to agree on finalizing completion and connection,” said managing director Neil Gibbins.
The Odin gas field is currently undergoing production appraisal, with gas being supplied to Pelican Point Power, a joint venture of Engie Australia and Mitsui, under a long-term contract extending to December 2026.
Subject to joint venture approval and the scheduling and execution of field work, gas from Odin-2 could commence supply within the current winter.
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.
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.
Vintage is the operator with 50% interest. Metgasco and Bridgeport own 25% each of the project.