Buru Energy reported that the Ungani onshore oilfield will be officially opened, marking another key milestone in the Company's strategy to become a major oil and gas producer in Western Australia's Kimberly region.

The facility, located 62 miles (100 kilometers) east of Broome in the Canning Basin, will be opened by the Minister for Mines and Petroleum, Bill Marmion. The event will be attended by joint venture partners, Traditional Owners, and local stakeholders. Ungani is an equal joint venture between Buru Energy and Mitsubishi Corp.

The project has commenced production at a rate of 1,250 barrels of oil a day (bopd), rising to a targeted level of 3,000 bopd. Minister Marmion said the opening of Ungani was great news for Western Australia and the Kimberly in particular.

Tags: Buru Energy