Australia's IPB Petroleum says that the WA-424-P Joint Venture (IPB 75 percent, CalEnergy 25 percent and Operator) have received notice from the rig contractor that the estimated commencement date for the Pryderi-1 rig contract is Oct. 17.

Subject to current operations at the Puffin field, and based on the estimated mobilization date, IPB Petroleum estimates that the Stena Clyde (mid-water semisub) will arrive at the Pryderi-1 well location on or around Oct. 19.

Pryderi-1 is a relatively shallow well and IPB estimates that the well could intersect the target reservoir before the end of October. There will be up to an estimated additional 3 or 4 days of logging before the well is then to be plugged and abandoned.

Tags: IPB Petroleum