Buru Energy has spudded the Currajong-1 exploration well, located in the Canning Basin, Western Australia.
The project is a 50:50 joint venture between Buru and Origin Energy, with the Currajong-1 exploration well being drilled on a large structure that is 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 well is being drilled by the Ensign 963 rig as a vertical well to a planned total measured depth of 2300 metres and is expected to be completed by late July or early August.
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.
Currajong-1 is the first well in the exploration program under the terms of the farmin agreements executed in December last year, under which Buru would be carried for $16 million of the costs of the drilling of the two exploration wells in the program – Currajong-1 and Rafael-1.
Buru executive chairman Eric Streitberg said the company was delighted to be kicking off the most extensive drilling and seismic program in the Canning Basin.
“We are very pleased to be using a modern high capacity rig and we have worked diligently with the rig owners, Ensign Drilling, to ensure it is fully fit for purpose for the program before our final acceptance of the rig and the spud of the well,” he said.
“A success at Currajong would also high grade the other similar prospects in that area with significant further potential along the trend.”