Western Australia's Ungani Oil Field Officially Commences Production

Buru Energy reported Thursday that the Ungani onshore oilfield will be officially opened today, marking another key milestone in the Company's strategy to become a major oil and gas producer in Western Australia's Kimberly region.

The facility, located 62 miles (100 kilometers) east of Broome in the Canning Basin, will be opened by the Minister for Mines and Petroleum, Bill Marmion. The event will be attended by joint venture partners, Traditional Owners, and local stakeholders.

Ungani is an equal joint venture between Buru Energy and Mitsubishi Corp. The project has commenced production at a rate of 1,250 barrels of oil a day (bopd), rising to a targeted level of 3,000 bopd.

Minister Marmion said the opening of Ungani was great news for Western Australia and the Kimberly in particular.

"This project is generating opportunities and benefits for a wide range of stakeholders, including the Native Title parties, local businesses, and for Western Australia generally. The small environmental footprint and significant economic benefits make Ungani an excellent example of how the oil and gas industry can generate positive returns for all sectors of the community."

Buru Energy Executive Chairman, Eric Streitberg, said the development of Ungani reflected the co-operative spirit of all the parties involved.

"Ungani is the first oil development in the Canning Basin in over 30 years. There was no modern precedent for the development and it took perseverance and co-operation between all the parties to make the transition from a greenfields oil discovery to the current production system.


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