Buru Spuds Ungani-1 Well

Buru Energy has spudded the Ungani-1 well in EP 391 in the onshore Canning basin, Western Australia, targeting conventional and unconventional gas in the Laurel formation and oil in the Grant and Anderson formations.

The well is being drilled to a total depth of 3200 metres on a large dip closed structure and the conventional Laurel formation structure in Ungani-1 might contain more than 200 billion cubic feet of recoverable gas on a proven plus probable basis provided hydrocarbons are present.

According to the company, the seismic and regional geological data has revealed the Laurel formation at Ungani-1 has the potential for better reservoir development vis-a-vis the Laurel formation at the nearby Yulleroo field. The drilling rig Ensign Rig-32 has been deployed to drill on a dry hole basis and the process may take about 26 days.

Buru holds 50% stake in EP 391 with Japan’s Mitsubishi Corp. funding 80% of the well costs under the terms of a farm-in agreement it had signed last year to get the balance stake in the majority of Buru's exploration blocks in the frontier Canning Super basin.