MEO Australia Limited advises that the Western Australian Department of Mines & Petroleum has granted approval for the drilling of Artemis-1 in WA-360-P and has further advised it has accepted MEO’s Well Operations Management Plan (WOMP).
This represents the final regulatory approval in relation to the drilling of Artemis-1.
MEO expects to receive the rig ( Songa Venus ) from Shell, the current Operator, around mid November, depending on operational progress on their current well. Once the rig has been handed over, it will be towed to the Artemis-1 location. This is expected to take approximately seven (7) days.
WA-360-P Participants
Equity
Petrobras International Braspetro PIB BV (a wholly owned subsidiary of Petrobras) 50%
North West Shelf Exploration Pty Ltd a wholly owned MEO subsidiary 25%
Cue Energy Resources Limited 15%
Rankin Trend Pty Ltd a wholly owned subsidiary of Moby Oil & Gas 10%
[mappress]
Source: MEO, October 25, 2010;