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December 8, 2021updated 28 Apr 2022 5:45am

Vali Unconventional Gas Field, Australia

By Carmen

Vali is a unconventional gas development located onshore Australia and is operated by Vintage Energy. Discovered in 2020, Vali lies in block ATP 2021P.

The project is currently in commissioning stage and is expected to start commercial production in 2022. Final investment decision (FID) of the project was approved in 2022. The Vali unconventional gas development will involve the drilling of approximately nine wells.

Field participation details

The field is owned by Metgasco, New Hope and Vintage Energy.


Production from Vali

Production from the Vali unconventional gas development project is expected to begin in 2022 and is forecast to peak in 2028, to approximately 10 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2035.


Remaining recoverable reserves

The field is expected to recover 5.51 Mmboe, comprised of 33.05 bcf of natural gas reserves.


Contractors involved in the Vali unconventional gas field

Some of the key contractors involved in the Vali project as follows.

Design/FEED Engineering: Verbrec

Other Contractors: Condor Energy Services, GPA Engineering, Griffin Energy and Schlumberger

About Vintage Energy

Vintage Energy Ltd (Vintage) acquires, explores, and develops oil and gas properties in Australia. The company projects include Otway Basin located in South Australia; Galilee Basin is an onshore basin in central Queensland; Bonaparte Basin is a frontier basin in the Northern Territory and Perth Basin located in Yilgarn Craton. It maintains relationship with governments and government agencies particularly in South Australia, connections with existing explorers and operators, as well as a deep knowledge of Australian petroleum basins. It provides services in Australia. Vintage is headquartered in Goodwood, South Australia, Australia.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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