Rafael 1 wet gas discovery
Buru Energy has a 100% interest and is the operator of the Rafael 1 condensate rich gas discovery in the Canning Basin.
The Rafael 1 well was drilled in 2021 on a large structure with gas encountered in three zones. A test of a portion of the lower Ungani Dolomite zone was successfully flow tested at 7 mmcfd confirming the conventional discovery.
An independent resources report by ERCE Australia in 2022 has estimated that there is a potential gas and condensate accumulation in excess of 1 TCF of recoverable gas and over 20 million barrels of condensate at the 3C Contingent Resource level which is sufficient to support a phased project development strategy. This strategy includes a first phase Kimberley gas to power project for domestic consumption, followed by a larger scale petrochemical or liquified natural gas (LNG) development based on resource appraisal outcomes.
Since the ERCE report’s release, Buru has continued its efforts and capability to bring this game changing development to fruition.
2023 has seen Buru delivering on multiple fronts to build value for Rafael. Since Buru’s acquisition of Origin Energy’s Canning Basin Joint Venture interests in February 2023, a Declaration of Location application has been approved by the Western Australian government, a contract has been executed with Terrex Seismic to undertake a 3D seismic survey commencing in August 2023 and a phased development strategy has been confirmed as a pathway to commercialise the Rafael discovery.
In parallel, Buru is progressing preparations for well planning, rig selection and long lead item procurement in support of 2024’s appraisal drilling activities.
Most recently, the Western Australian Government updated their Domestic Gas Policy which further strengthens and de-risks the Rafael development pathway, by confirming the potential for export of
onshore gas from the Canning Basin.
Full details highlighting the progress of this exciting discovery are available at the links below:
Buru completes Rafael 3D seismic acquisition
Rafael 3D Seismic Survey acquisition commences
Buru welcomes WA Domestic Gas Policy
Buru confirms Rafael resource development strategy
Buru executes Rafael 3D seismic contract
Govt. approves Declaration of Location application for the Rafael gas and condensate discovery
Rafael gas and condensate commercialisation update
MST Access - Initiation of Coverage
Declaration of Location application for the Rafael gas and condensate discovery submitted
Buru to acquire Origin's Canning Basin Joint Venture interests
Independent review of Rafael gas discovery confirms potential for major gas resource