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 feed stage and is expected to start commercial production in 2022. Final investment decision (FID) of the project will be approved in 2021. 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 2023, 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 and GPA Engineering
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.
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.