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The Markets
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The Markets
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Energy

Buru Energy set to restart oil production following access road reopening

Restart of the Ungani 1 and Ungani 2 wells is expected later this week.

Buru Energy Ltd (ASX:BRU) has sent 2,541 barrels of crude inventory to the storage tank at Wyndham after fully reopening the access road to its wholly-owned Ungani Oilfield in Western Australia.

Two quads and a triple road train have left Ungani and is now en-route to the storage tank.

The remaining crude oil inventory on site is expected to be lifted later this week in accordance with the detailed field re-start and trucking schedule.

Re-opening of the road access has involved substantial upgrades to a number of areas that had been damaged by the recent anomalous wet season.

Production restart at Ungani Oilfield

Buru has been concentrating on the tie-in of the Ungani 4 flow line and this is substantially complete, and work has now commenced on the Ungani 5 flow line.

Subject to the production results from the Ungani 4 and Ungani 5 wells, the forward plan is to continue to build production to the target rate of 3,000 barrels of oil per day (bopd).

READ: Buru Energy regains some access to Ungani Oil Field

Preparations for Ungani 4 testing operations are now underway and the restart of the Ungani 1 and Ungani 2 is expected later this week.

A further update is expected once the Ungani 4 results are received and the Ungani 1 and 2 wells have been brought back on line.

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