Buru Energy (ASX: BRU) is targeting 30 million barrels of recoverable well with its upcoming Ungani North-1 well in the onshore Canning Basin.
Ungani North-1 targets the same Ungani Dolomite section that is oil bearing in the Ungani Field, though the structure is located on an independent closure to the Ungani Field.
The well will also test the deeper Nullara Formation which had good oil and gas shows, but poor reservoir development, in the Ungani Field wells.
Subject to final joint venture approval, drilling of the well will begin once the Century Rig 7 completes deepening operations at Paradise-1.
Ungani North-1 is located about 6 kilometres north of the Ungani Field in EP 391. It has a planned total depth of 3000 metres and is expected to take 30 days to drill.
A discovery at Ungani North can be developed in parallel with the development of the Ungani Field.
Forward Program
Buru is currently evaluating additional wells to be drilled in 2012 on completion of the Yulleroo-3 well with Ensign Rig 32, and the Paradise-1 and Ungani North-1 wells with Century Rig 7.
These include:
- Asgard-1 to confirm the southeasterly extension of the Valhalla accumulation
- Yulleroo-4 to further evaluate the Yulleroo Field
- the Yakka Munga-1 and Jackaroo-1 exploration wells in the Ungani Oil Trend
- Cyrene-1 to test a conventional shallow oil play and the Goldwyer Shale in the oil window
- Emmanual-1 to test the Gogo Shale unconventional oil and gas play
- Corner-1 to test both a conventional Grant/Anderson target and a potential hydrothermal dolomite anomaly on the Lennard Shelf.
Buru is also planning o drill 2 appraisal/production wells on the Ungani Field following completion of the Ungani 3D seismic survey.
In addition, operational flexibility will be retained to enable drilling of immediate appraisal wells on any new discoveries made during 2012.
However, Buru said it was unlikely that it would drill the Acacia exploration wells this year due to weather constraints and operational lead times.
It added that forward planning and road construction operations for those wells will start this year to allow them to be drilled early in the 2013 field season.
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