About Us
Who We Are
Founded in 2008, Buru Energy Limited (ASX: BRU) is an ASX listed diversified energy company focused on exploration and production of hydrocarbon and non-hydrocarbon energy resources in Australia. The Company is headquartered in Perth, Western Australia with a regional operational office in Broome.
The Company pursues the exploration, development and commercialisation of hydrocarbon resources in the onshore Canning and Carnarvon Basins in north-western Australia. Buru also participates in the new energy economy through its subsidiary companies’ activities in natural hydrogen and helium exploration, carbon capture and storage (CCS), and battery minerals exploration.
The Company’s goal is to deliver tangible benefits to its shareholders, the Traditional Owners, the Government, and communities in the areas in which it operates. This means sustainability is central to Buru’s people, values, decisions, and activities.
Our Strategy
The Company strategy is focused on balancing its short-medium term returns from a hydrocarbon focused business with its longer-term business drivers via its new energy businesses.
What We Value
Assets and Operations
Buru’s petroleum assets and tenements are located onshore in the Canning Basin in the southwest Kimberley region of Western Australia and onshore in the Carnarvon Basin in Western Australia. In the Kimberley, in 2022 Buru had 50% operating interests in the Rafael conventional wet gas discovery and the producing Ungani Oilfield, together with extensive exploration permits in both the Canning and Carnarvon Basins. The Kimberley is defined as the local community for the purposes of this report, as this remains Buru’s most significant location of operations.
Buru is also ensuring it is part of the new energy sector transformation though medium and long-term ambitions around carbon capture and storage, hydrogen from geological sources, and the exploration of zinc and lead used in large scale energy storage systems, battery manufacturing, solar panel manufacturing, and general electronics. These transition ventures are wholly owned subsidiaries of Buru, with prospects in Western and South Australia, although still in an early phase.
All assets and activities reported on in this Sustainability Report are relevant as at 31 December 2022 and are consistent with those reported on in the Buru 2022 Annual Report and other external financial reporting. Please refer to the Review of Operations section in the 2022 Annual Report for more details on our assets and activities.
Reporting Scope and Boundaries
Buru is committed to transparency in its disclosures and aims to achieve best practice throughout reporting. Following on from the inaugural sustainability report last year, Buru continue to report on both the ‘equity share’1 and ‘operational control’2 basis in its activities, particularly in relation to emissions. However, due to the nature of certain disclosures, some metrics are only reported on an operational control basis.
For our own operations, subsidiaries or joint venture partnerships the following reporting boundaries are in place:
- All oil and gas projects have been included in the scope of this report on an operational control basis, with GHG emissions also reported on an equity share basis.
- Battmin, GeoVault and 2H Resources are all 100% Buru owned subsidiaries included in Buru’s financial and annual reporting and have been considered3 within the boundary of this sustainability report, however, they currently have no operational data so have not been discussed further.