Monday, December 9, 2013

Buru Energy

Buru Energy

Operations Update

Buru Energy Limited (“Buru) is pleased to provide an update on the Company’s operations.
Highlights
  •   Ungani 3D Seismic Survey results confirm the potential of the Ungani Field
  •   Well workovers on Ungani 1 and Ungani 2 successfully completed
  •   Production start-up preparations at Ungani Field progressing, with first oil produced into on-site tanks next week
  •   Site works for oil export through the Port of Wyndham completed on time and on budget
  •   Crusader Rig mobilisation to Ungani 3 estimated for 10 December, rig up and acceptance
    scheduled between 20 - 23 December, with spud expected to occur immediately thereafter
  •   6+ well program planned for 2014 plus extensive additional 2D and 3D seismic 

This rig is Now ON THE MOVE

The first two triple road trains to carry crude from Ungani to Wyndham have been mobilised, providing an initial trucking capacity of 600bbl/d. These road trains will be on standby in Broome until we are ready to produce first oil. Additional trucks will be added as the initial extended test production levels increase ahead of commitment to full field development in first quarter of 2014.

 Canning Basin presents a different set of challenges for Advanced Energy Group, Crusader 405 was specifically chosen for its high level of mobility and reliability. “We invested significant time and effort finding the right rig for Western Australia,” he said. “We have now assembled a world class rig crew to operate and maintain Crusader 405 and are focused on the creation and delivery of value to our clients.”
FURTHER INFORMATION
Paul Tudor
Director
(Corporate)
Direct: +61 8 6500 7502
Mobile: +61 409 070 678
About the Advanced Energy Group

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