MARKETS

Buru Energy is seeking to sell Ungani oil field as restart eyed

Buru Energy is seeking to divest up to 100% of its Ungani oil field in the Kimberly region of northern Western Australia. Significantly, production is expected to resume shortly, following repairs to transport infrastructure damaged by flooding earlier this year.

Colin Hay and Damon Evans

Buru Energy's Ungani oil project

Expressions of interest from buyers are being sought by selling agent PetroDIP. An estimated 0.62 million barrels of oil remains in place with projected production of between 400 and 450 barrels of oil...

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