Buru Spuds Ungani North-1 Well
|Friday, July 06, 2012
Australia's Buru Energy has spud the Ungani North-1 well on EP 391.
The well, sited on Western Australia's onshore Canning Basin, is being drilled to a depth of 9,843 feet (3,000 meters) and will target the Ungani Dolmite section which is the oil producing reservoir at the Ungani Field.
Ungani North-1 could hold a mean recoverable volume of 30 million barrels of oil, Buru said in a statement.
The secondary target of the well is to test the Nullara section, which lies below the Ungani Dolmite section.
"The Nullara section had good oil shows, but was interpreted to have poor reservoir development at the Ungani North-1 location," Buru said.
The well will be drilled for 32 days from July 5, 2012.
Ungani North-1 is the fourth well to be drilled in the Buru-Mitsubishi Corp (MC) Joint Venture.
In June 2010, MC bought a 50-percent stake in thirteen convention oil and gas exploration permits owned by Buru in the Canning Basin. After acquiring the interest, Buru and MC had started on a joint exploration program in 2011.
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