Cant work out what's happening with this rig, Wally.
Below is an extract from shell's Palta 1 environment plan.
link :
http://www.nopsema.gov.au/assets/epsummaries/EP-Summary-Shell-Palta-Drilling.pdf
Marine traffic says its in position where Wallygog posted, but that's nowhere near where shell says the drill site is gonna be.
However, shell says it is due to start drilling September-October, and there doesn't seem to be any other contract possibility beforehand, given the rigorous nature of environmental requirements (as outlined by shell)
Why is the Clyde "in position"where it is?
Why are they starting a 3 month drill program that runs into the cyclone season with a floating drill rig?
Who cares? Except WHN posted the details of this on their website, so they must think its relevant to the share price.
The excerpt:
3. Activity Description
Shell plans to drill a single exploration well (Palta-1) targeting gas in Exploration Permit WA-384-P, located in the Southern Exmouth Basin, Western Australia (Figure 1). Drilling is scheduled to commence in September-October 2012 and the well is planned to take 2-3 months to drill.
The drilling programme will be carried out by the Noble Clyde Boudreaux Mobile Offshore Drilling Unit (drilling rig), which is managed by Noble Corporation (Noble). The drilling rig will be supported by three offshore vessels working from the Port of Broome. Aviation support and crew changes to the Noble Clyde Boudreaux drilling rig will be conducted through Learmonth (Karratha Airport may be used as a contingency).
Table 1: Activity details
Well
Water Depth
Latitude
Longitude
Exploration Permit
Palta-1
1,292 m
22° 05’ 11.790” S
113° 10’ 50.904” E
WA-384-P
Shell Development (Australia) Pty Ltd Summary
Palta-1 Exploration Well WA-384-P Environment Plan 17/08/2012
4
Palta-1 is situated in Commonwealth marine waters approximately 50 km west of the boundary of the Ningaloo Marine Park (~70 km from the coast) in 1,292 m water depth
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