As a partner in the WA-424-P Joint Venture, IPB Petroleum has received an update from its drilling contractor that the estimated start date for the Pryderi-1 rig contract is now due late October to early November 2014.
IPB Petroleum has previously announced October 24, 2014 as the estimated start date for the Pryderi-1 rig contract.
Due to a projected extension in current rig operations at the Puffin field (located north of WA-424-P), IPB Petroleum now estimates that the Stena Clyde semi-submersible rig will begin mobilization to the Pryderi-1 well location late October to early November 2014, the statement from the company reads.