Buru Energy is pressing the pedal to the metal on its Rafael gas discovery in the Kimberley following a tick of approval on introducing a floating liquified natural gas (FLNG) facility into the processing chain. But Buru believes the value of its prefeasibility study extends wider than just a nod to the FLNG, claiming an innovative partnership could bring Rafael to reality.
Origin Energy has agreed to assign its interests in joint venture exploration permits in WA's Canning Basin, including the massive Rafael gas and condensate discovery to Buru Energy for no upfront payment. Origin will also pay Buru up to $4 million to fund a 3D seismic survey for its gas and condensate discovery Rafael 1.
Buru Energy has stepped up its commercialisation efforts associated to its Rafael gas development in WA's Canning Basin by signing an agreement with Transborders Energy to conduct a pre-feasibility study for an LNG plant solution. The company says the Kimberley-based facility could promote a swifter, simpler and more capital efficient mechanism to liquify and export its resources.
Perth-based oil and gas services company Transborders Energy has signed a partnership agreement with one of Japan's largest power companies to pursue its floating LNG proposal.
SPECIAL REPORT: With shipments at Shell's Prelude FLNG facility still to get under way, one Perth businessman is hoping to reignite use of the technology for stranded gas fields.
