Buru Energy sees progress across its portfolio of core and new energy businesses
Last updated: 10:33 14 Apr 2025 AEST, First published: 15:27 10 Jan 2023 AEDT
Snapshot
- Buru Energy on track to move to producer status with Rafael Gas Project
- Year wrapped: Buru Energy's plans for Rafael gas and Ungani oil projects
About the company
Buru Energy Ltd is an ASX listed diversified energy company focused on exploration and production of hydrocarbon and non-hydrocarbon energy resources in Australia.
The company is headquartered in Perth, Western Australia with a regional operational office in Broome. It pursues the exploration, development and commercialisation of hydrocarbon resources in the onshore Canning Basin in north-western Australia.
How it is doing
Buru Energy Ltd's transformation from explorer to producer is progressing well, setting a clear pathway to deliver first gas and cashflow from its flagship Rafael Gas Project in the Kimberley region by the second half of 2027.
Located in the Canning Basin, Rafael is the only proven conventional gas and condensate discovery in the Kimberley.
It is supported by a high-confidence 1C contingent resource of 85 billion cubic feet (Bcf) of gas and 1.8 million barrels of condensate.
Buru aims to bring the project online by the second half of 2027, delivering long-term regional energy supply and stable cash flow.
Buru Energy Ltd earlier this week outlined details of a new strategic development agreement with Clean Energy Fuels Australia Pty Ltd (CEFA) to co-develop the Rafael Gas Project in Western Australia.
Buru Energy Ltd has executed a strategic development agreement (SDA) with Clean Energy Fuels Australia Pty Ltd (CEFA) to co-develop the Rafael Gas Project in the Canning Basin in Western Australia.
The two companies intend to target the replacement of “long-haul trucked or imported fuel used for power generation and mining in the northwest of Western Australia”, providing a local source of liquified natural gas (LNG) and liquids and supporting “the development of new market opportunities in the region”.
What management says
Buru Energy Ltd (ASX:BRU, OTC:BRNGF) CEO Thomas Nador talks with Proactive’s Tylah Tully about the company's strategic initiatives and outlook for 2025.
Recently, Buru Energy announced a refocusing strategy to concentrate on its core assets, notably the development of the Rafael project and the potential restart of the Ungani oilfield.
Nador emphasised that the Rafael project was the most value-accretive opportunity in Buru's portfolio, with plans targeting a final investment decision by late 2025 and first gas production in the second half of 2027.
