Buru Energy Ltd’s subsidiary, 2H Resources, has taken a significant step forward in its natural hydrogen exploration program.
The company has entered into a research agreement with the Commonwealth Scientific and Industrial Research Organisation (CSIRO), a collaboration that holds the potential for unlocking a carbon-free energy source. This article delves into the goals, technology, potential impact, and challenges surrounding this innovative endeavor, shedding light on how it could shape the future of energy exploration and production.
Buru Energy has been actively nurturing 2H Resources, focused on exploring natural hydrogen and helium reserves, aiming to be at the forefront of the energy transformation. Through the research agreement with CSIRO, 2H Resources gains access to cutting-edge autonomous soil gas sensors, which play a crucial role in measuring hydrogen and other gases in the soil. This collaboration aims to expedite the discovery of future natural hydrogen exploration wells and support the growth of carbon-free energy sources.
As an early adopter of CSIRO’s advanced monitoring technology, 2H Resources stands to gain valuable insights into potential hydrogen reserves. The deployment of six monitoring units and one base station is just the beginning, with plans to expand to up to 140 autonomous monitors over six months. While CSIRO retains ownership of the monitoring technology, the vast amount of data acquired will significantly inform 2H Resources’ exploration plans and decision-making processes.
Buru Energy’s 2H Resources has been confirmed as the preferred applicant for six South Australian Petroleum Exploration Licences and two Gas Storage Exploration Licences. These areas are believed to hold immense potential for natural hydrogen reserves. The next phase involves field testing the selected sites to remotely monitor gas presence and flux in the soil. The data collected during this phase will be pivotal in refining survey designs and data analytics strategies.
An independent third-party Hydrogen Prospective Resource estimate indicated a risked Prospective Best Estimate Resource of 343 million kilograms of hydrogen across the application areas. These estimates are being considered in light of the target price of $2 per kilogram for alternative hydrogen production methods to compete with fossil fuel-based hydrogen.
Buru Energy’s pursuit of natural hydrogen exploration, backed by the research agreement with CSIRO, holds immense promise for the future of energy. As the world seeks sustainable and carbon-free alternatives, this innovative initiative could lead to substantial shareholder value while contributing to a greener and more sustainable future. With Buru Energy at the helm, the journey towards unlocking natural hydrogen reserves takes a significant leap forward, propelling the energy sector into a new era of exploration and clean energy production.
