De-bottlenecking and Chem Injection Results
| Stock | Vintage Energy Ltd (VEN.ASX) |
|---|---|
| Release Time | 17 Mar 2025, 10:02 a.m. |
| Price Sensitive | Yes |
Vintage Energy Announces Successful De-bottlenecking and Chemical Injection
- Raw gas production rate increased to 3.6 MMscf/d
- Chemical injection at Odin-1 operational, rectifying metering interference
- Reduced backpressure expected to enable greater gas recovery per well
Vintage Energy Ltd (ASX: VEN) has announced the completion of flowline de-bottlenecking operations at its Southern Flank gas project, which have yielded increased production. The reduced backpressure enabled by the operations has been associated with higher gas production rates, with raw gas production from the Odin and Vali gas fields reaching 3.6 MMscf/d at 6am today, compared to 3.2 MMscf/d immediately prior to the commencement of the operations. The company expects the reduced backpressure to enable a greater volume of gas to be ultimately recovered per well. In addition, chemical injection commenced in February to manage scale accumulation at the meter previously reported. Production rates from the Odin-1 well have been generally stable and demonstrated consistency not present while affected by scale accumulation. The chemical injection and cleaning are considered to have rectified the interference to accurate metering previously reported. Vintage's Managing Director, Neil Gibbins, commented on the positive results, noting the mitigation measures have yielded a good base for the Production Uplift Program being planned for April, subject to joint venture approval.