AUS
NZ
UK
CA
USA
IND
_06_16_2026_04_54_27_535266.jpg)
Highlights
Buru Energy updates Rafael Gas Project timeline to enhance reserve confidence
Rafael B well to be drilled before Rafael 1 re-entry based on new technical data
First production from Rafael LNG Project remains on track for late 2027
Buru Energy Ltd (ASX:BRU), a participant on the All Ordinaries and ASX 300 indices, has announced a revised development schedule for its Rafael Gas Project in Western Australia’s Canning Basin. The adjustment follows extensive technical review and aims to enhance reserve estimates while reducing operational risk.
The revised plan shifts the sequencing of appraisal activities. Instead of re-entering Rafael 1 first, the company will now prioritise drilling and flow testing the Rafael B well. Activity is scheduled to commence in the June quarter of 2026, with the final investment decision (FID) now anticipated in the early third quarter of the same year. This change does not impact the expected timeline for first gas production by late 2027.
Technical Assessment Drives Change in Appraisal Focus
The decision to adjust the sequence stems from a comprehensive technical assurance process completed this year. Recent studies identified borehole integrity risks in Rafael 1, which could affect the reliability of flow test outcomes. In contrast, the new Rafael B well is expected to yield superior data critical for flow testing and reserve certification.
Buru Energy believes that obtaining robust data from Rafael B will strengthen its development case and provide a firmer basis for project-level approvals and funding discussions.
Early Discoveries and Flow Testing History
The Rafael discovery, confirmed in late 2021, marked the first verified conventional gas and condensate find in onshore northern Western Australia. A flow test conducted in 2022 on Rafael 1 demonstrated promising gas quality and condensate content but was limited in scope.
To support planning efforts, a 3D seismic survey was conducted in 2023 and interpreted throughout 2024. Initial development concepts proposed re-entry of Rafael 1 ahead of Rafael B. However, technical refinements have now reversed that sequence to ensure the best possible data informs project certification.
Broader Project Timeline and Partnerships Unchanged
Despite deferring the FID by half a year, Buru confirms that the overall development timeline for the Rafael Liquified Natural Gas (LNG) Project remains on track. The company continues to target first gas production and associated cashflow by late 2027.
This aligns with the project’s development framework established in collaboration with Clean Energy Fuels Australia (CEFA). The companies are pursuing a phased approach aimed at supplying cleaner energy solutions to Western Australia’s Kimberley region in line with the state’s 2028 energy transition goals.
Commercial and Regulatory Engagements in Progress
Parallel to technical activities, Buru is advancing its commercial, regulatory, and stakeholder engagement strategies. A dataroom has been opened to attract upstream partners at both the asset and corporate level.
Discussions with traditional owners, regulators, and potential gas buyers are also ongoing, ensuring that all approvals are on track ahead of the final investment decision. The company's efforts reflect a structured approach to long-term energy infrastructure development in regional Australia.
