Buru Energy has identified and appraised a world scale tight wet gas resource that potentially offers long term energy security to Western Australia, significant contribution to Australia’s GDP and socio-economic and employment opportunities for people and businesses in the local and regional community.
The gas is hosted by the thick (+2,000m Laurel Formation) and at depths from 2,000 m to 5,000 m or more below the surface. As the host rocks have low porosity and permeability, the extraction of the gas requires hydraulic stimulation or fraccing to achieve commercial flow rates.
A technical description of the Laurel Formation accumulation can be found here.
The company has carried out successful frac programs on both the Eastern province in the Valhalla/Asgard area and in the Western Province at Yulleroo.
Under the recent acreage realignment Buru has assumed 100% of the Western Province accumulation and Mitsubishi has assumed 100% of the Eastern province.
The most well defined accumulation in the Western Province is Yulleroo.
To ensure accurate information is available to key stakeholders and land users in the region regarding fraccing, Buru Energy has undertaken extensive community consultation and funded independent specialist reviews. These reviews have demonstrated that fraccing can occur with minimal risks to the environment and country. Groundwater monitoring before and after the frac program has shown no effects of the operation on the environment.
Should the Canning Basin resource be confirmed as commercial, gas from the Canning Basin will supply clean, cheap and efficient fuel to Western Australian domestic and industrial markets. This will provide significant energy security to Western Australia with enough gas available to supply Perth residential customers for over 80 years.