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- Metgasco (MEL) assures investors its Vali gas field in the Cooper Basin is on track for first gas next month
- The gas field, discovered by joint venture partners Metgasco and Vintage Energy (VEN), is being connected to the South Australian Cooper Basin gas gathering infrastructure to supply eastern Australia from January 2023
- Metgasco says mechanical installation is progressing at the site, with flowlines and export pipelines installed and successfully pressure tested
- Work at Vali will be suspended from tomorrow for the Christmas break and will resume in the first week of January 2023
- Metgasco is up 16.67 per cent, trading at 2.1 cents, and Vintage Energy is up 3.53 per cent, trading at 8.8 cents, at 2:53 pm AEDT
Metgasco (MEL) has assured investors its Vali gas field in the Cooper Basin is on track for first gas next month.
The Vali gas field, discovered by joint venture partners Metgasco and Vintage Energy (VEN) in 2020, is being connected to the South Australian Cooper Basin gas gathering infrastructure to supply eastern Australia from January 2023.
The Vali project involves the installation of metering and facilities at the Vali field, along with the installation of flowlines that connect the field’s three completed wells and twin export gas pipelines from the field to tie into the Moomba gas gathering network at the Beckler gas field.
The wells will be connected and brought online gradually, starting with Vali-1 in January, and Vali-2 and Vali-3 in February.
The joint venture has been contracted to supply an estimated nine petajoules (PJ) to 16 PJ of gas to AGL (AGL) from field start-up until 2026.
The Vali flowlines and export pipeline have now been installed and pressure tested, while mechanical installation is still progressing.
Work at Vali will be suspended from 22 December 2022 for the Christmas break and will resume in the first week of January 2023.
The project will then conclude in the new year having met the milestones to enable the commissioning of facilities and first gas in January 2023.
Metgasco was up 16.67 per cent, trading at 2.1 cents, and Vintage Energy was up 3.53 per cent, trading at 8.8 cents, at 2:53 pm AEDT.
