A flare boom on the Scarborough Floating Production Unit (FPU) was recently safely installed, marking a huge turning point for the energy project.
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2023 saw Buru Energy regain full ownership of Rafael, the first significant conventional gas and condensate discovery in the onshore Canning Basin of Western Australia.
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Pilot Energy’s application to declare a greenhouse gas storage formation has progressed to the final stage and is now with the Minister for Resources and Minister for Northern Australia for decision.
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The company’s Bayu-Undan is continuing to produce with gas being delivered into the Australian domestic market until end of field life, while its sales revenue is on a high.
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This acquisition significantly accelerated the path to the Carpentaria Pilot Project production and reduced the capital expenditure required to commence gas sales.
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