Buru Energy has awarded GHD Pty Ltd the pre-Front End Engineering Design (FEED) scope for its Rafael Phase 1 development.
This follows the Company’s confirmation of a two-phase development strategy announced in August 2023 to commercialise its 100% owned Rafael discovery – the first proven significant conventional gas and condensate field in the Canning Basin of Western Australia.
The engineering concept for the Rafael Phase 1 development includes a small footprint, scalable, Kimberley based hybrid gas to power and renewables project based on the already defined low volume estimate of the Rafael contingent resource.
Pre-FEED engineering for this first phase of development is expected to be completed in 1H CY2024, enabling the progression of the project to FEED in early 2H CY2024, the Final Investment Decision in 2H 2025, and the first production in 2H CY2027.
The timing of concept selection and pre-FEED engineering for a larger Rafael Phase 2 development will be informed by the results of appraisal drilling, currently planned for 2H CY2024, and will be based on mid to high resource volume estimates of Rafael contingent resources.