• 13% increase in gas production following de-bottlenecking
• Raw gas production of 3.6 MMscfd up from 3.2 MMscfd prior to work
• Scale Inhibitor Injection at Odin started in February to rectify scaling issue

Metgasco Ltd (ASX:MEL) has reported that flowline de-bottlenecking operations at its Southern Flank gas project have been completed and yielded a 13% increase in gas production. Raw gas production from the Odin and Vali gas fields has increased from 3.2 MMscfd (million standard cubic feet per day) immediately prior to the commencement of the operations to 3.6 MMscfd at 6am today. The reduced backpressure enabled by the operations team is expected to enable a greater volume of gas to be ultimately recovered per well. Additionally, scale inhibitor injection commenced at Odin-1 in February to manage scale accumulation in the multi-phase flowmeter previously reported. Production rates from the Odin-1 well have been generally stable and demonstrated consistency not present whilst affected by scale accumulation. The chemical injection and cleaning are considered to have rectified the interference to accurate metering from scale accumulation previously reported. Metgasco's Managing Director, Ken Aitken, stated that the field de-bottlenecking work has delivered a material increase in gas production, which along with sustained stable production rates from Odin-1 and good plant uptime operational performance in CY25 to date, is an encouraging start to the year. The joint venture is in the final stages of finalizing plans for the production uplift/optimization program in Q2 CY25 (subject to JV approval) which is targeting further improvement in field gas production performance.

The joint venture is in the final stages of finalizing plans for the production uplift/optimization program in Q2 CY25 (subject to JV approval) which is targeting further improvement in field gas production performance.