Buru Energy’s 50% owned conventional oilfield is currently producing ~2,600bopd with further work planned to target a production rate of 3,000bopd.
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 in excess of 2,600 barrels per day of high quality oil from four production wells, two of which were drilled in late 2017/early 2018 and have recently been put on production.
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.