Buru Energy’s has a 50% operating interest in the currently producing Ungani Oilfield.
The Ungani Oilfield (production licences L20 and L21) is located approximately 90 kilometres east of Broome. Buru operates the field and has a 50% interest. It includes the current producing wells at Ungani and the associated facilities, the oil discovery at Ungani Far West 1, the Ungani North 1 appraisal potential, and a number of subsidiary prospects, one of which, Ungani West, is planned to be drilled this year. The Ungani Oilfield is currently producing high quality oil from four conventional oil production wells, two of which were drilled in late 2017/early 2018.
In May 2018 Roc Oil agreed to buy a 50% interest in the Ungani Oilfield for a total purchase price of $64 million.
A description of the discovery of the Ungani Oilfield can be found here.