Buru prepares for Rafael production test

Buru Energy’s Rafael 1 well gas condensate discovery is being prepared for a production test amid a potential wet gas discovery.

The Rafael 1 well is locating in exploration permit EP 428 in the Canning Basin, northwest Western Australia, approximately 50 km east of the Ungani Oilfield. 50 per cent of the equity is held each by Buru Energy and Origin Energy.

The company reported that a substantial accumulation of wet gas is potentially present in the Rafael structure, but a production test to gather more information is required to explore the possibility.

Path Investments plc (LON:PATH) is an energy investment company, and is focused on making investments in the energy sector on a global basis. The company seeks to create value for its shareholders through acquisitions, joint ventures or direct interests in energy businesses or associated projects.

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