Buru Energy (ASX:BRU)
Ensign 963 mast lowering for move to Ungani 8 Source: Buru Energy
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  • Buru Energy (BRU) advises it recently spudded the Ungani 8H development well, located near Broome in Western Australia
  • The well was spudded on Saturday afternoon by the Ensign 963 drill rig, with Ungani 8H located around 700 metres northwest of Ungani 1 and Ungani 2
  • Buru is drilling the well to access the undrained oil reserves in a crestal location within the northeast central fault block (CFB) of the Ungani Field, which was missed in previous drilling
  • The well will also intersect the Ungani Dolomite reservoir section at a depth of 2065 metres, before a casing string will be set and drilling turns horizontal
  • Shares in Buru Energy are down 2.38 per cent at 20.5 cents each

Buru Energy (BRU) advises it recently spudded the Ungani 8H development well, located near Broome in Western Australia.

The energy stock said the Ungani 8H well was spudded on Saturday afternoon by the Ensign 963 drill rig.

This latest well is located around 700 metres north-northwest of the Ungani 1 and Ungani 2 wells and production facility.

Buru Energy owns a 50 per cent stake in the well and is the listed operator, with the company planning to drill Ungani 8H to 2065 metres total depth.

The company wants to access the undrained oil reserves in a crestal location within the northeast central fault block (CFB) of the Ungani Field.

The company previously targeted this section of the CFB back in 2019, but wasn’t able to complete the planned horizontal reservoir section due to operational issues.

Ungani 8H will also intersect the Ungani Dolomite reservoir section at least 50 metres
above the original oil water contact.

Once the top of the Ungani Dolomite is intersected, a casing string will be set and the well
will then be drilled horizontally through the Ungani Dolomite reservoir section.

Buru said the well would then be completed without casing over the reservoir section so that it can provide optimum flow path and production volumes.

Buru Energy Executive Chairman Eric Streitberg said drilling the Ungani 8H would provide a wealth of information.

“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,” Mr Streitberg said.

“The well will also provide valuable information as to the remaining production potential of the field.

“We have also planned the well carefully taking in to 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.”

Shares in Buru Energy were down 2.38 per cent at 20.5 cents each at 1:14 pm AEDT.

BRU by the numbers
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