Project Profile
Value: US$490 million
Location: WA-191-P, northern end of Carnarvon Basin
Water depth: 459 feet (140 metres)
Start-up Year: May 2013
Finucane South is located in a water depth of about 459 feet (140 metres) in WA-191-P, which is situated at the northern end of the Carnarvon Basin about 9 miles (15 kilometres) east of the Mutineer facility. Serving as operator of the permit is Santos, holding a 41.6% interest; Kufpec Australia holds 33.4%; Nippon Oil holds 25%.
Santos found oil at the Finucane South prospect in May 2011. Gathered data confirmed a net oil column of 59 feet (18 metres) in excellent quality reservoir sands in the Angel formation. The well, drilled by the Stena Clyde semisub, is located nearly 4 miles (7 kilometres) from the Fletcher oil field discovered in 2009 and about 9 miles (14 kilometres) from existing oil production facilities at Mutineer Exeter.
Operators:
Santos Ltd: Operator with 37.5% interest in Finucane, 50% interest in Fletcher
KUFPEC Australia Pty Ltd.: 33.4% interest
JX Nippon Oil & Gas Exploration: 25% interest
Contractors:
Subsea 7: Subsea umbilicals, risers and flowlines
Technip: Flexible pipe supply contract