Buru loads out first Ungani crude

Buru Energy Ltd., Perth, has completed its first load-out of Ungani field crude from the Port of Wyndham on Cambridge Gulf in the far north of Western Australia.

The oil has been shipped to an undisclosed refinery in Southeast Asia under a sale and purchase agreement.

Ungani field, which lies in the onshore Canning basin permit EPA-PRA-0004 about 120 km east of Broome, is producing from the Ungani 1 and 2 wells. Ungani 1 is flowing at 1,500 b/d and Ungani 2 at 1,000 b/d.

A third well, Ungani-3, has encountered oil shows at the top of the same dolomite reservoir in keeping with the two producing wells.

Buru has previously estimated the field reserves to be 5-20 million bbl.

The field is being developed with 50-50 partner Mitsubishi Corp.

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