Buru to Drill into Upper Laurel Formation

Buru Energy and Mitsubishi Corporation are poised to drill into the first objective at their Yulleroo-4 appraisal well in the onshore Canning Basin, Proactive Investors Australia has reported citing company statement.

Yulleroo-4 is at a current depth of 2,326 metres and is being prepared to drill ahead to the Upper Laurel Formation.

The well will test the extent of the gas column in this part of the accumulation and is expected to confirm Buru’s interpretation that the Yulleroo field is part of a geographically extensive basin centred gas accumulation extending beyond the mapped structural closure.

If this is proven, the Yulleroo area has the potential to hold multi trillion cubic feet of gas.