Rafael 1 wet gas discovery
Buru Energy has a 50% interest and is operator of the Rafael 1 condensate rich gas discovery in the Canning Basin.
The other 50% equity in the permit is held by origin Energy.
The Rafael 1 well was drilled on a large structure and encountered significant gas columns in three zones with a test of a portion of the lower Ungani Dolomite zone flowing gas at in excess of 7 mmcfd.
The Joint Venture is planning an appraisal program later in 2022 that will include a recompletion of the well and test of the lower two zones in the well, the Upper Laurel Carbonates and the Ungani Dolomite equivalent with a 3D seismic program to be acquired over the structure. Further appraisal drilling is planned in 2023.
An independent resources report by ERCE has estimated that there is in an excess of 1 TCF of recoverable gas at the 3C level which is sufficient to support an export system to take advantage of current ullage in the Northwest Shelf LNG facility or a stand alone petrochemical plant in the Canning Basin.
Full details of this exciting discovery are available here.