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Highlights
Buru Energy receives two-year extension for Rafael Gas Project licensing from WA Government
Strategic infrastructure deal with Clean Energy Fuels Australia supports project execution
Company progresses towards gas production in the Canning Basin's Kimberley region
Buru Energy Ltd (ASX:BRU), a player in the Australian oil and gas sector and part of the All Ordinaries index, has obtained a two-year extension from the Western Australian Department of Mines, Petroleum and Exploration (DMPE). The extension allows the company additional time to apply for a Petroleum Production Licence or a Petroleum Retention Lease for its Rafael gas and condensate discovery, located within Exploration Permit EP 428 in the Canning Basin.
The approval ensures Buru’s development schedule for the Rafael Gas Project remains intact while granting flexibility to initiate licensing once key project milestones are achieved. This regulatory support underpins the company’s transition from exploration-focused operations to upstream production capabilities.
Pathway to First Gas from Kimberley’s Rafael Discovery
Located in the Kimberley region of Western Australia, the Rafael Gas Project represents the only conventional gas and condensate discovery in the area. The company is working to progress the project to its first production phase, with a focus on structured development and long-term energy delivery.
The field is supported by a defined contingent resource base and is expected to play a key role in regional energy security. Buru Energy’s strategic planning for Rafael is centred on delivering consistent output and stable revenue generation as part of its broader growth objectives.
Clean Energy Fuels Partnership Supports Infrastructure Buildout
In a critical move supporting project economics, Buru Energy has formed a strategic partnership with Clean Energy Fuels Australia (CEFA). Under this agreement, CEFA will take responsibility for financing, constructing, owning, and operating the downstream infrastructure necessary for liquefied natural gas (LNG) and condensate handling.
This infrastructure model allows Buru to focus its capital allocation on upstream development, particularly drilling activities, while CEFA will receive a processing fee. The partnership also includes mechanisms for joint marketing and revenue sharing based on prevailing gas and condensate pricing, aligning commercial interests and broadening market participation.
Development Strategy Balances Cost Control with Commercial Growth
The Rafael Gas Project’s phased development approach is designed to manage capital intensity while leveraging existing partnerships to drive progress. The licensing extension allows Buru to refine its development strategy with continued regulatory alignment and stakeholder engagement.
