News listings

energy-pedia exploration

Australia flagAustralia

Central & SE Asia / Australasia >>> Australia

Australia: Vintage Energy announces new field gas discovery at Nangwarry-1


15 Jan 2020

  • New field gas discovery at Nangwarry-1
  • Well being cased and suspended for further evaluation and testing
  • Initial log analyses indicates gas saturationovera minimum 65metre gross section in the upper-Pretty Hill Sandstone
  • Mid-Pretty Hill Sandstone still to be evaluated
Photo - see caption

The operator of the Otway Basin Joint Venture, Otway Energy, has advised that the drilling of the Nangwarry-1 well has resulted in a new field gas discovery, with the well currently being cased for further evaluation and testing. The well was drilled tototal depth at ameasured depth of 4,300 metres in the Pretty Hill Formation on 31 December 2019.

This is the third successive discovery within this region over the past two years. A reinvigoration of the Penola Trough is underway with discoveries now at Nangwarry-1, Haselgrove-3 ST1 (Beach Energy) and Dombey-1 DW1 (Beach/Cooper Energy). These wells vindicate the potential of this part of the onshore Otway Basin, both in South Australia as well asthe larger licence area held by Vintage in Victoria.

A gross gas column of at least 65 metreshas now been confirmed in the top of the Pretty Hill Sandstone by log analysis, pressure data and gas sampling.Becauseof challenging down-hole conditions, log data obtained beneath this zone is of insufficient quality to resolve the presence of hydrocarbons in the mid-Pretty Hill Sandstone. Gas shows encountered during drilling of this section, however, have provided encouragement.

Accordingly, the operator has advised thatevaluation of this sandstone will take place after casing is in place. Vintage will update the market with plansto further define and production test the reservoir sections once these havebeen agreed by the Joint Venture.

Preliminary analysis of gas samples overnight indicatedthe presence of CO2in amounts up to around 45%. However, ambiguity exists on the analysis at the rig site and the samples are being sent for rigorous laboratory testing. Vintage notes there have historically been successful commercial developments of fields with similar CO2 content, such as the Ladbroke Grove Field in the Penola Trough.The market will be informed of additional results after completion of the laboratory testing.

Photo - see caption

Neil Gibbins, Vintage Managing Director, said:

'The gas discovery at Nangwarry-1 continues the recent exploration success seen in the Penola Trough. It is pleasing that the selection criteria used by Vintage to acquire assets has again been vindicated withthecompany now assessing potential gas projects in threebasins, those being the Galilee, Otway and Cooper/Eromanga.'

Original article link

Source: Vintage Energy





Bookmark and Share


A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.


Subscriber Only Deals

Current deals: 1714
Completed deals: 5308

Company Profiles

Current Company Profiles: 2663

Corporate Activity

Current Corporate Activity articles: 3404

Companies Looking

Current number of articles: 432

Company Sales

Current Company Sales articles:1391

Geostudies

Current Geostudies articles: 685

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...


energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...



energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...

Subscribe

Subscribe to the FREE
energy-pedia Daily Newsletter
Subscribe

OPC
Geoespace
KL Publishing
SLR Consulting logo
Union Jack Oil 149
Government of South Australia
energy365
Bayphase
Rose & Assocs 149
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans
UNITED KINGDOM

Tel: +44(0)1727 822675

Email: info@energy-pedia.com