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Buru Energy: flow test at Ungani Far West 1 well

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Oilfield Technology,

Buru Energy Ltd has released an update on drilling operations at the Ungani Far West 1 well located in the Canning Basin, Western Australia.

Since the last progress report, 2.875 in. (73 mm) production tubing has been run and cemented to a total depth of 7874 ft (2400 m). The DDH1 Rig 31 has been released. A flow test will be undertaken to determine the height of the oil column as well as the productivity of the well.

This will be the last weekly drilling report for the Ungani Far West 1 well. Results of the flow test will become available over the next two weeks.

The well is located on an all weather drilling pad approximately 0.62 mile (1 km) off the Ungani access road within Production License L21, 60 miles (97 km) east of Broome and 2 miles (3.3 km) southwest of Buru Energy's Ungani Oilfield in the Canning Basin of northwestern Australia.

The well is being drilled under the terms of the Ungani Development Funding agreement with Diamond Resources (Fitzroy) Pty Ltd. Equity and contributing interest for the well are as follows:

  • Buru Energy: Equity Interest โ€“ 50%; Contributing Interest โ€“ 0%
  • Diamond Resources (Fitzroy): Equity Interest - 50 percent; Contributing Interest โ€“ 100%.

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