Sim
the latest comment I have seen from the JV was for a 3Q spud date, which is looking like September as at today. I wouldn’t be surprised to see it slip from that.
Why can it slip??
issues around COVID and rig transport, equipment availability and crew isolation. If Covid worsens, it will result in delays.
issues around government approval for the other wells to be drilled. Delays are happening. It is smarter to wait and get more wells committed into the rig programme to ensure a continual drilling campaign without a need for standby.
the gas is not going anywhere. Delays like this are par for the course in oil and gas, so don’t sweat the small stuff. The WE project economics are very strong.
AL
Ann: Walyering Farm-out, page-109
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