Santos has made a new oil discovery at Finucane South in the Carnarvon Basin, offshore Western Australia.

Through well logs and wire line testing, Santos confirmed a net oil column of 18m in reservoir sands in the Angel Formation.

The Finucane South oil discovery is located 7km from the Fletcher oilfield and both are located within WA-191-P.

Engineering studies for the development of the two discoveries will help the WA-191-P participants to make a final investment decision before the end of 2011.

Santos has considered a number of developing options that will enable first oil production from Finucane South and Fletcher by the end of 2013.

The well will be suspended after finalisation of the evaluation programme.

Santos is operator of WA-191-P with a 33.4% interest, with Kufpec Australia, JX Nippon Oil & Gas Exploration and Tap Oil holding 33.4%, 25%, 8.2% interests, respectively.