Buru said while further appraisal drilling, a planned production test and a 3D seismic survey were needed to work out the overall potential of EP 391, existing data and results from the Ungani-1 ST1 and Ungani-2 wells made the 20 million barrel estimate “reasonable.”
Buru executive director Eric Streitberg said the results were confirmation of a “very significant oil discovery,” showing the reservoir was continuous and of good quality, and likely to have lateral extent.
“We
