Buru Energy to Drill Ungani 3 Appraisal Well in Canning Basin Shortly

Buru Energy Limited, an Australian oil and gas production company, provided Monday the following update on operations at Ungani field in the Canning Basin, Western Ausrtalia.

Ungani 3 Appraisal Well

Rig up on the Ungani 3 location has taken several days longer than planned due to a combination of the very heavy rain associated with the passage of Cyclone Christine and a number of operational and commissioning issues which have delayed the acceptance of the rig by the ompany. It is now anticipated that the well will spud during the coming week.

Ungani Field Operations Update

The Ungani Field extended well tests continue to perform very well. The Ungani 2 well is currently producing at its initial target rate of 1,000 barrels of oil per day (bopd) to meet current trucking capacity with no significant water production. During the week the Ungani 1 well cleanup was commenced and once completion fluids have been recovered, the well will be hooked up to the production system during the coming week. Additional trucks are being mobilized which will allow the extended production test to reach its targeted 1,500 bopd from the Ungani 1 and 2 wells.

The loading of the first 30,000 barrels of oil from the Wyndham export facility is scheduled for the end of next week.


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