"We've got some work to do before we actually start drilling.
"We're where we need to be to do it and we'll see how the situation evolves.
"It's several days now, having got into position, before we're ready to start drilling.
Mr Seay would not be drawn on whether drilling could occur while the protest vessels were within 500m of the Noble Bob Douglas.
"The key thing is that any protest vessels need to keep a safe distance,'' he said.
"At some point, the safety zone will come into effect and they will be required to stay 500 metres away.
When asked why the safety zone had not been implemented, Mr Seay said "some formalities'' still had to be worked through before it could be put in place.
The Oil Free Seas Flotilla is a loose association of individuals and boat owners who oppose deep-sea drilling and the new legislation that takes away New Zealander's long-standing right to peacefully protest at sea. One of the boats taking part, the Vega, also sailed against French nuclear tests in the Pacific.
Earlier this year, the Government announced a controversial new law to ban aspects of protesting at sea, known as the 'Anadarko Amendment'.