Buru Gets DMP's Approval to Proceed with Laurel Tight Gas Program in WA
Buru Energy Limited revealed Monday that the Laurel Formation Tight Gas Pilot Exploration Program in the Canning Basin in Western Australia has been approved by the Department of Mines and Petroleum (DMP).
DMP approval of the program now completes the regulatory approval process required for the program to proceed.
It comes after the Environment Minister upheld on June 16 the Environmental Protection Authority’s conclusion that Buru Energy’s “small scale, limited duration ‘proof of concept’ exploration proposal is unlikely to have a significant effect on the environment” and that the DMP was the appropriate regulatory agency to assess and monitor the program.
The DMP’s determination included approval of the Environment Plan, as well as Operational and Safety Plans for the program.
The program will commence with preliminary site preparation during this year’s Kimberley dry season and the overall program will involve stimulation of tight gas zones in existing vertical exploration wells to assess their geological and commercial potential. The zones to be stimulated or fracced are in the geological unit known as the Laurel Formation, between 1.2 miles and 2.4 miles (2 and 4 kilometers) below the surface.
The program is the first stage of a possible multi-stage exploration, appraisal and development program for tight gas which would be undertaken over several years, subject to demonstrating commercial viability and continued regulatory approvals.
If, in the long-term, the resource proves to be commercially viable, gas from the Canning Basin would supply the Western Australian industrial and domestic markets. Under a State Agreement which includes its Joint Venture partner Mitsubishi, Buru Energy is targeting the initial delivery of 1,500 petajoules of gas into the WA domestic market, enough to supply Perth residential customers for over 80 years.
12
View Full Article
WHAT DO YOU THINK?
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.
- How Likely Is an All-Out War in the Middle East Involving the USA?
- Rooftop Solar Now 4th Largest Source of Electricity in Australia
- US Confirms Reimposition of Oil Sanctions against Venezuela
- Analyst Says USA Influence on Middle East Seems to be Fading
- EU, Industry Players Ink Charter to Meet Solar Energy Targets
- Russian Ships to Remain Banned from US Ports
- Brazil Court Reinstates Petrobras Chair to Divided Board
- EIB Lends $425.7 Million for Thuringia's Grid Upgrades
- Var Energi Confirms Oil Discovery in Ringhorne
- Seatrium, Shell Strengthen Floating Production Systems Collaboration
- An Already Bad Situation in the Red Sea Just Got Worse
- What's Next for Oil? Analysts Weigh In After Iran's Attack
- USA Regional Banks Dramatically Step Up Loans to Oil and Gas
- EIA Raises WTI Oil Price Forecasts
- How Likely Is an All-Out War in the Middle East Involving the USA?
- Venezuela Authorities Arrest Two Senior Energy Officials
- Namibia Expects FID on Potential Major Oil Discovery by Yearend
- Oil Markets Were Already Positioned for Iran Attack
- Is The Iran Nuclear Deal Revival Project Dead?
- Petrobras Chairman Suspended
- Oil and Gas Executives Predict WTI Oil Price
- An Already Bad Situation in the Red Sea Just Got Worse
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil and Gas Execs Reveal Where They See Henry Hub Price Heading
- Equinor Makes Discovery in North Sea
- Macquarie Strategists Warn of Large Oil Price Correction
- DOI Announces Proposal for Second GOM Offshore Wind Auction
- Standard Chartered Reiterates $94 Brent Call
- Chevron, Hess Confident Embattled Merger Will Close Mid-2024
- Analysts Flag 'Remarkable Feature' of 2024 Oil Price Rally