The Buru Energy Ltd.-Mitsubishi Corp. Joint Venture (JV) received the production licenses for the Ungani oil field in Western Australia's Kimberly region following the execution of Native Title Agreements with the Nyikina Mangala, Karajarri Yanja and Yawaru people, Buru Energy said Monday.
The company indicated that the production licenses authorize the JV to produce oil from the Ungani field, where facility upgrades required for the commencement of commercial oil operation are almost complete. Buru added that the final documentation required by the Western Australian Department of Mines and Petroleum is expected soon and startup of production is on track for mid-July.
"Ungani is the first commercial oil production in the Canning Basin since the original Blina discovery in 1981 ... We have a comprehensive oil exploration program currently underway and we are confident that Ungani will be the first of many more discoveries as we unlock the potential of the basin," Buru Energy Chairman Eric Streitberg said in the press release.
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