- Joint venture partners, Metgasco (MEL), Vintage Energy (VEN), and Bridgeport delay first gas production from the Vali gas field in South Australia
- First gas was originally expected next month but has now been pushed back to December
- The joint venture says the revised expectation comes due to skilled trade shortages and a rescheduling of the pipeline and facilities installation
- Site works for the pipeline installation are now due to begin this week
- VEN shares are trading 5.88 per cent lower at 8 cents each while MEL shares are down 3.85 per cent at 2.5 cents at 1:34 pm AEST
Joint venture partners, Metgasco (MEL), Vintage Energy (VEN), and Bridgeport have delayed first gas production from the Vali gas field in South Australia.
First gas was originally expected next month but has now been pushed back to December.
The joint venture said the revised expectation comes due to skilled trade shortages and a rescheduling of the pipeline and facilities installation.
Site works for the pipeline installation are now due to begin this week.
The construction contractor advised the joint venture that mechanical handover is expected in early December, at which point commissioning can begin.
Vintage Managing Director Neil Gibbins said the revised scheduling was beyond its control.
“It is disappointing to revise our expectations, but there is no escaping our dependency on the availability of crews to perform the work and the impact of the current global supply chains issues we have reported previously,” he said.
VEN shares were trading 5.88 per cent lower at 8 cents each while MEL shares were down 3.85 per cent at 2.5 cents each at 1:34 pm AEST.