Yanerbie-1 spud further delayed

PEL 110 operator, Beach Petroleum, says its start of drilling at Yanerbie-1 has been further delayed by rain in northern South Australia.

With the rig not yet having at the drilling location, the spud date is likely to be six to nine days from today.

Yanerbie-1 is about 150 kilometres north of Moomba and about 20km north of the Keleary Oil Field.

It will target reservoirs in the Hutton and Tinchoo Formations. The planned total depth is about 2,554 metres and the well is expected to take about 14 days from spud to total depth.

Joint venture participants: Beach Petroleum (operator) 31.25%, Magellan Petroleum 31.25%, Cooper Energy 25%, Enterprise Energy 12.5%.