Oil and gas companies are on notice following Buru Energy’s latest disastrous drilling project in Western Australia’s Kimberley region.
The company revealed today that its recently drilled oil exploration well, 'Rafael Shallow', near the Manguel Creek system that flows into the National Heritage listed Martuwarra Fitzroy River, has found no oil.
Buru Energy's Rafael Shallow well site.
The announcement today that the $5 million plus well was dry, as well as no social license for oil and gas, serves as a warning that the Kimberley is too risky to invest in.
Environs Kimberley Acting CEO, Martin Pritchard said: “The time for oil and gas in the Kimberley is over, the community doesn’t want it, it’s too damaging to the environment and climate and the financial risk is not worth it.”
"The Kimberley can be powered through renewable energy, this is the future where there are guaranteed returns on investment.
This dry well serves as a warning to oil and gas companies and investors, don’t even think about bringing this polluting industry here, move to renewables, make a safe bet and don’t ruin the Kimberley."
Manguel Creek – a culturally and ecologically significant creek system with springs that flow into the National Heritage listed Martuwarra Fitzroy River.
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