Buru-Mitsubishi JV Spuds Ungani 3 Appraisal Well in Western Australia

Australia's oil and gas company Buru Energy Limited disclosed that drilling operations on the Ungani 3 well in exploration permit (EP) 391 in Western Australia commenced at 17:30hrs Jan. 14 (AWST) using the Advanced Energy Services Crusader 405 drilling rig. As at 06:00hrs Jan. 15 (AWST) the well was drilling ahead at 337 feet (103 meters).

Ungani 3 is the first well in the Buru – Mitsubishi Corporation (MC) 2014 drilling program. Buru and MC each have a 50 percent equity and contributing interest in the well and the Ungani Field.

The Ungani 3 well is located in production application STP-PRA-0004 in EP 391 some 62 miles (100 kilometers) to the east of Broome. The well location is some 31 miles (50 kilometers) from the Great Northern Highway along the Ungani access road.

The well has a programmed total depth of 7,677 feet (2,340 meters) and is expected to take some 35 days to drill and suspend.

The well is located in the Ungani Field area on a separate pad to the Ungani Production Facilities (UPF) and is some 3,280 feet (1,000 meters) to the east of the Ungani 1 and 2 wells. The planned production from the well will be transferred to the UPF via a pipeline from the Ungani 3 pad.

The primary objective of the well is the oil producing Ungani Dolomite reservoir of the Ungani Field, the well also has a secondary target in the overlying Grant Formation in which oil shows were encountered in the Ungani 1 well, and where a potentially significant structural closure has been identified on the Ungani 3D seismic data.

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