The Fletcher Finucane oil project is located within WA-191-P in the Carnarvon Basin, offshore Western Australia.
Santos – 44% effective interest (operator)
JX Nippon Oil & Gas
The $490 million Fletcher Finucane project was sanctioned by the joint venture partners on 13 January 2012.
The Finucane South-1A discovery underpinning the project was made in May 2011 and is located approximately seven kilometres to the south of the Fletcher oil field and 16 kilometres east of the Mutineer-Exeter floating production, storage and offloading (FPSO) facility.
The project involves the development of a three-well sub-sea tie back to the existing Santos-operated FPSO at Mutineer-Exeter. The project is expected to extend the economic life of Mutineer-Exeter by up to four years.
Gross proved and probable reserves are estimated at approximately 14 million barrels.
As at the end of the first quarter 2013, the project was 93% complete.
All three development wells had been drilled and completed, and offshore installation of the subsea facilities was over 60% complete. The Nan Hai 6 rig had been demobilised, providing access for the installation vessel to lay flowlines and umbilicals into the Finucane well centre.
The installation and commissioning of the Fletcher Finucane equipment on the Mutineer-Exeter FPSO had been completed in Singapore and the FPSO had arrived back in the field.
First oil production is expected in mid-2013, at an estimated average gross production rate of 15,000 barrels per day for the initial 12 months.