Buru Energy Hits Oil at Praslin 1 Well

Buru Energy Limited announced Friday that it has encountered oil at the Praslin 1 exploration well, located in Western Australia.

Wireline logs of the well indicate that a gross oil bearing interval of 75 feet is present at the top of the interpreted Ungani Dolomite section in Praslin 1, according to Buru. The company also stated that the log response of the oil bearing interval is similar to that seen over the interpreted highly productive zone at the Ungani oilfield. The Praslin 1 well will now be plugged before being subjected to a production testing program. The rig used to drill the well will be moved to the Victory 1 well location.

Buru Energy Executive Chairman Eric Streitberg commented in a company statement:

“This is an excellent result, it indicates that the Ungani petroleum system extends for many kilometres along the structural terrace to the west of Ungani. It also gives us additional confidence that the trend extends to the east to the Victory and Senagi prospects that we will be drilling in this year’s program. There are many other similar prospects along these terraces, a number of which we have defined by 3D seismic. We look forward to the test results from the Praslin well and the rest of this year’s drilling program.”

Have a news tip? Share it with Rigzone!
Email news@rigzone.com


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Petrofac Suspends Group Chief Operatin... (May 25)
 -  EnQuest On Track For Kraken First Oil ... (May 25)
 -  Energean Signs Lease Agreement for Exp... (May 25)
 -  Seadrill CEO Praises Workforce (May 24)
 -  Serinus Shuts-In Sabria Field Due to S... (May 23)

Most Popular Articles

From the Career Center
Jobs that may interest you
Equipment Operator - San Antonio
Expertise: Coil Tubing|Driller|Production Operator
Location: San Antonio, TX
Frac Supervisor - TX, ND, WY & OK
Expertise: WellSite Supervisor
Location: El Reno, 
United States Bossier City: Service Supervisor I - Frac/Acid
Expertise: Field Service Tech|WellSite Supervisor
Location: Bossier City, LA
search for more jobs

Brent Crude Oil : $51.46/BBL 4.63%
Light Crude Oil : $48.9/BBL 4.78%
Natural Gas : $3.18/MMBtu 0.90%
Updated in last 24 hours