Buru will spend $3.5m on upgrade at Ungani
Written on the 5 June 2017
Buru Energy is planning a $3.5 million upgrade of its onshore oil project in the Kimberley this year to bolster production.
The oil and gas junior is set to restart the Ungani oilfield in the Canning Basin next month after taking full ownership of the resource in an asset swap with Mitsubishi Corp.
Executive chairman Eric Streitberg said the company was aiming for a "substantial" increase in the field's expected output of 1250 barrels a day by installing an artificial lifting system and additional tankage.
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