Ungani Oilfield
Production from the Ungani Oilfield has been affected by a number of short term shut-ins due to minor flooding on the Ungani access road from normal wet season rainfall.
The periods of shutin have facilitated maintenance work on several of the wells, including a tubing replacement on Ungani 5 which has allowed higher fluid and oil production rates.
Planning is also complete for the installation of an electric submersible pump (ESP) in Ungani 7H to maximise production rates from that well once the Buru jacking platform is released from operations on the Ungani 6H well.
With all currently configured wells on line, and prior to the installation of the ESP in Ungani 7H, field production is some 1,500 to 1,600 bopd. The next oil lifting from the Wyndham tank is expected to be in mid-March, including an allowance for weather down time.
Ungani 6H
The mobilisation of the coil tubing unit for the Ungani 6H operation has been delayed due to the flooding on the east coast of
The planned Ungani 6H operations include the drilling out of the cementing float shoe, the re-penetration of the remaining
Forward Program
As set out in the ASX release of
A farmout process of Buru's extensive exploration portfolio is now scheduled to commence in March. Ocean Reach Advisory has been engaged to assist with the process, having advised the Company previously on the 2018 sale of a 50% interest in the Ungani Oilfield.
This ASX announcement has been authorised for release by the Executive Chairman.
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