Buru Energy Limited (ASX: BRU) announces that the Ungani 8H development well was spudded at 5pm on Saturday, December 18, by the Ensign 963 drilling rig.
Buru is operator and has a 50% interest in the well, alongside Roc Oil (Canning) Pty Ltd which also has 50%.
Ungani 8H is designed to access undrained oil reserves in a crestal location within the north eastern part of the central fault block of the Ungani oilfield. Ungani 8H is planned to intersect the Ungani Dolomite reservoir section at least 50m above the original oil water contact at a subsea depth of 2,065m.
The well is expected to take 32 days to drill and complete.
“We are very pleased to be drilling a further development well on the Ungani oilfield to take advantage of the current strong oil price environment. The well will also provide valuable information as to the remaining production potential of the field,” executive chairman Eric Streitberg said.
“We have also planned the well carefully, taking into account our learnings from the Ungani 6 and 7 drilling campaign to ensure we have the potential for the best outcome from drilling the horizontal section of the well.”
