Buru Energy Ltd., Perth, has spudded the Currajong-1 exploration well in exploration permit (EP) 391 in the Canning basin in northwest Western Australia (OGJ Online, May 20, 2021). The well is 30 km west of Ungani field and about 70 km east of Broome.
The well is being drilled by the Ensign 963 rig as a vertical well to a planned total measured depth of 2,300 m and is expected to be completed by late July or early August. It is being drilled on a large structure defined by 3D seismic with a vertical closure of over 200 m and fault bounded with two-way dip closure. It is expected to have similar good quality reservoir and oil properties to Ungani oilfield and is at similar depths. Targeted mean prospective resources are 28 million bbl.
The well is the first in the exploration program under terms of farmin agreements executed in December 2020 under which Buru will be carried by Origin Energy Ltd., Sydney, for $16 million of drilling costs for two exploration wells (Currajong-1, and the upcoming Rafael-1) in addition to a further seismic program carry across several Buru-operated permits.
Buru and Origin Energy each have a 50% equity interest in the well and in EP 391.