Buru Energy Ltd (BRNGF)

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Ungani field production restarted...
Buru Energy flips the switch on production at Ungani Oilfield
19:39 Sun 14 May 2023
Elisha Newell
Buru Energy Ltd
ASX:BRU
OTC:BRNGF
Buru Energy Ltd - Buru Energy flips the switch on production at Ungani Oilfield
A production restart at the Ungani Oilfield in Western Australia is cause for celebration for ASX-lister Buru Energy Ltd (ASX:BRU, OTC:BRNGF).

The production hub has kicked back into gear after a major export road was shuttered in the wake of ex-Tropical Cyclone Ellie back in January.

Since then, Main Roads WA has crafted a low-level Fitzroy River crossing that’s suitable for heavy vehicles, meaning Buru has begun clearing the existing oil inventory at the Ungani Production Facility.

Subsequently, the energy stock is back in action at the WA asset, with initial oil production rates similar to pre shut-in rates of between 500 and 600 barrels of oil per day.

The next oil lifting from Wyndham Port — destined for the Southeast Asian market — is scheduled for Q3 2023.


Kimberley rebuilds
Buru CEO Thomas Nador said the team was eager to restart production following the extraordinary weather event earlier this year.

“Since 2015, the Ungani operation has been an important regional employer and contributor to the local economy through direct and indirect employment, procurement, community support and royalties.

“As such, the restart of production is being welcomed by many, including our staff, shareholders, supply chain partners, the local community and the government.

“I would like to thank them for their support and perseverance during what has been a difficult time for the communities in the Kimberley.”