Buru Energy has advised that the spudding of the Currajong 1 exploration well, which was drilled with the Ensign 963 rig in July, was a highlight for its quarter.
Outlined in its quarterly report, the well, located in the Canning Basin in northwest Western Australia, was drilled to a measured depth of 2,340 metres.
Although there was good reservoir development in the Ungani Dolomite, testing failed to recover hydrocarbons.
Buru Energy delineated that Rafael 1 is the second well in the 2021 exploration program and is currently being drilled with the Ensign 963 rig.
Rafael 1 drilled to section depth of 3,500 metres and intermediate casing set, and the forward program is to drill through the anticipated reservoir section.
Executive chairman Eric Streitberg said the well has been off to a slow start.
“Drilling at the Rafael 1 well has been slow due to very hard and abrasive formations, but these are now behind us and with the intermediate casing set and some earlier encouraging hydrocarbon indications the well is now drilling into the main reservoir objective,” he said.
Further highlighted in the report, as part of the 2021 exploration program a multi-permit 2D seismic acquisition program was undertaken by Buru on behalf of its Canning Basin joint venture partners to delineate additional exploration targets for subsequent drilling campaigns.
The major program of 990 kilometres was completed within budget with no reportable HSE or environmental incidents.
In addition, Buru Energy advised that production from the Ungani Oilfield for the quarter totalled 73,500 barrels (bbls) (gross) at approximately 800 barrels of oil per day (bopd) and Ungani continues to produce at a stable rate of some 800 bopd.
Moreover, the proposed Ungani 8 well is planned as a horizontal well targeting the interpreted undrained section of the Ungani reservoir that was the objective of the unsuccessful Ungani 6H well.
Current planning is for the well to be drilled at the conclusion of the Rafael 1 well and further details on the well design and objectives will be provided in due course.
Further highlighted in the report, the company is progressing several initiatives to ensure it is part of the energy transition both through internal Buru activity and through three subsidiaries, 2H Resources (natural hydrogen), Geovault (Carbon Capture and Storage) and Battmin (Battery Minerals).
The company is leveraging its core strengths to advance these projects as it also advances its core activities in oil production, exploration, and geotechnical evaluation.