Buru Energy has a 50% operating interest in the conventional Ungani Oilfield (production licences L20 and L21), with Roc Oil Company Limited holding the remaining 50%.
The Ungani Oilfield is located approximately 90 kilometres east of Broome and currently includes six production wells and associated production facilities. The produced oil is trucked to the Port of Wyndham where it is stored in an 80,000 barrel tank from where it is purchased FOB by BP Singapore Pte Limited and shipped to SE Asian refineries.
Production is profitable at current oil prices.
The Company also holds 100% of a number of legacy fields on the Lennard Shelf in the north of the Basin including the Blina Oilfield where operations to determine the potential for a secondary recovery project are ongoing.