MEO Australia said the spudding of the Zeus-1 exploration well on WA-361-P permit off Western Australia had been put back again due to further delays in the expected arrival of the semi-submersible rig Songa Venus.
MEO said today that the rig was now not expected before the middle of this month after experiencing further drilling problems at the Ichthys North well under its current contract. The rig had originally been expected to start work at Zeus in late October, but was then delayed until early December. The company said the problems were unrelated to the rig’s drilling capabilities. MEO said it had all regulatory approvals to spud the well and it was ready to start work. It said casing and other equipment and materials had been delivered to the port of Dampier in Western Australia for delivery to the rig by the Lady Astrid and Lady Caroline anchor handling and supply vessels. Other equipment had been sent to Broome, also in Western Australia, to allow them to be loaded aboard the Songa Venus before the rig was moved to the Zeus-1 site. Zeus-1 is targeting a multi-trillion cubic feet gas play in the Carnarvon basin. In the event of a discovery, MEO is considering a range of development options including the use of a floating liquefied natural gas plant. MEO operates the WA-361-P permit with a 35% stake, with Resource Development International also holding a 35% stake, while Cue Exploration and Gascorp each have a 15% interest.
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