MEO Australia Limited advises that the Songa Venus semi-submersible drilling rig was handed over from Shell at 5pm (Perth time) on Sunday 14th November and is currently under tight tow to the Artemis-1 location .
The journey is programmed to take approximately eight days at current tow speed, however actual timing will be a function of sea state conditions.
Artemis-1 is anticipated to spud shortly after being anchored on location. MEO plans to release progress reports initially on a weekly basis commencing November 17th.
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%
*MEO Australia Limited is Operator for the Joint Venture
[mappress]
Source: Meo Australia, November 15, 2010;