MEO set for rig handover

MEO Australia said it now expected to take delivery of the semi-submersible Songa Venus later this week.

Handover of the rig has been repeatedly delayed from late October due to technical problems on the Santos-operated North Ichthys-1 well in the Browse basin, and most recently by the passage of Tropical Cyclone Billy. The company said it now expected the handover to take place on Thursday. MEO plans to use the rig to drill its Zeus-1 exploration well on the WA-361-P permit in the Bonaparte Gulf. The rig is expected to take between six and seven days to tow to the Zeus-1 site, MEO said in a statement.

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