Vintage JV completes Cooper basin acquisition
Sydney-listed Vintage Energy-led joint venture has completed the acquisition of Beach Energy's 15% interest in the Cooper basin licence PRL 211, Vintage said on June 10.
The joint venture parties have acquired their respective share in the 15% stake in proportion to their existing holding with the result of the transaction being the following equity interests: Vintage 50% and operator; Bridgeport 25%; and Metgasco 25%.
|
Advertisement: The National Gas Company of Trinidad and Tobago Limited (NGC) NGC’s HSSE strategy is reflective and supportive of the organisational vision to become a leader in the global energy business. |
PRL 211 is located close to the existing Cooper basin producing gas fields and infrastructure and contains the Odin gas field, discovered and successfully flow tested late last year. The licence is also adjacent to ATP 2021, held by the joint venture in the following equity interests: Vintage 50% and operator; Bridgeport 25%; and Metgasco 25%.
The ATP 2021 joint venture expects to commence supply of gas from Vali to AGL in September or October 2022 following the completion of the current well completion, pipeline and construction programme.