Buru Energy

Buru recognises the Traditional Owners of the land on which we operate, and we acknowledge their ongoing cultural and spiritual connections to the lands, waters, skies and communities. We pay our respects to their Elders past, present and emerging.

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Welcome to Buru Energy

Buru Energy ships 72,500 barrels of oil under marketing agreement with BP Singapore

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Buru Energy Ltd (ASX:BRU, OTC:BRNGF) has confirmed that the lifting of ~72,500 barrels of crude oil from Wyndham Port by the crude tanker British Sailor was completed on 27 August 2023.

BP Singapore (BP) purchased the crude oil produced from the Ungani Oilfield Operations in WA’s Canning Basin for delivery to a refinery in Southeast Asia.

The price received from BP is a fixed differential to average dated Brent oil price for the month of September 2023, with Buru’s 50% revenue share from the lifting estimated at ~A$4.0 million.

This was the final oil lifting prior to the suspension of operations at the Ungani Oilfield.

Read: Buru Energy to regain full ownership of producing Ungani Oilfield

Buru chief executive officer Thomas Nador said: “The Ungani Oilfield has produced and sold over 2.3 million barrels of crude oil since production commenced in 2012.

Sales revenue from the Ungani field has provided significant benefits to Buru shareholders, Traditional Owners, the Government and Kimberley communities.

“Buru has a proud history of production operations in the Kimberley and looks forward to maintaining a strong presence in the region as it progresses the development of its flagship Rafael conventional gas and condensate discovery for the benefit of the region.”