Western Australian focused oil and gas company Buru Energy (ASX:BRU) is pleased to advise that the Currajong 1 exploration well was spudded at 10:00 hours on Thursday, 1 July 2021.
- Currajong 1 – conventional oil exploration well spudded on 1 July 2021.
- Targeting mean prospective resources of 28 million barrels.
- Expected total depth of 2,300 metres with drilling completion in late July to early August.
- Currajong 1 to be followed by Rafael 1 conventional oil exploration well.
Currajong 1 is located some 30 kilometres to the west of the Ungani Oilfield and some 70 kilometres east of Broome. The well is in Exploration Permit 391 in the Canning Basin in northwest Western Australia.
The Currajong 1 exploration well is being drilled on a large structure that is well defined by 3D seismic. The structure has a vertical closure of over 200 metres and is fault bounded with two way dip closure. It is expected to have similar good quality reservoir and oil properties to the Ungani Oilfield and is at similar depths.
The Currajong 1 well is being drilled by the Ensign 963 rig as a vertical well to a planned total measured depth of 2,300 metres and is expected to be completed by late July or early August.
Buru and Origin Energy each have a 50% equity interest in the well and in EP 391.
In light of the current general COVID19 situation in Australia, Buru and its contractors have put in place appropriate protocols and controls to manage the situation and comply with all Government directions. Under current restrictions there is not expected to be any material disruption to the program, but the situation is being closely monitored.