Buru Energy’s conventional oil discovery at Ungani in 2011 was the first onshore oil discovery in Western Australia in 10 years.
The Ungani oil field was discovered in October 2011 and is located approximately 150 kilometres east of Broome. Buru has a 50% interest in the field and is the operator. The other 50% is held by Mitsubishi Corporation.
The field is located on the Nyikina Mangala determined claim area and the joint venture has in place land use agreements with all traditional owners who are affected by the activity.
The field is currently shut-in due to low oil prices and a review of operating costs and export routes is currently underway. It is aimed to restart production once this review is completed.
A review of the 1,000 sq km 3D seismic grid over the Ungani trend has recently been completed and has identified a large number of high upside conventional oil prospects. The Joint Venture is currently considering the forward drilling program for the area.