Fletcher Finucane oil project off W. Australia gets FID

Santos Ltd. said its $490 million Fletcher Finucane oil field offshore Western Australia has received a final investment decision.

The project, which lies on permit WA-191-P, will be developed through three subsea wells tied back to a Santos-operated floating production, storage, and offloading vessel at Mutineer Exeter field.

Initial gross production is expected to be 15,000 b/d of oil from second-half 2013.

Santos reached FID after buying out Tap Oil’s 8.2% interest in the project for $21.7 million (Aus.).

Tap later said it could not generate sufficient revenue from the sale of oil processed at Mutineer Exeter to warrant the new expenditure.

Related Articles

BLM announces California oil, gas strategy as CCST issues report

08/29/2014 The US Bureau of Land Management’s California state office announced a comprehensive strategy for its oil and gas program in the state after receiv...

BHI: US rig count recoups last week’s losses, jumps to 1,914

08/29/2014 The US drilling rig count jumped 18 units to reach 1,914 rigs working, gaining back the 17 units it lost last week plus one, during the week ended ...

VAALCO updates operations offshore Gabon

08/29/2014

VAALCO Energy Inc. provided an update on its operations offshore Gabon.

India’s ONGC to invest in Daman development in Arabian Sea

08/29/2014 India’s Oil & Natural Gas Corp. will invest $864.5 million to enhance natural gas and condensate production from its Tapti Daman block in the A...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected