The Norfolk field is located in WA-191-P in the Carnarvon Basin, offshore Western Australia. On completion of the Norfolk-2, the rig will be moved to drill a similar on-trend prospect, Exeter-1, located 10km south of Norfolk-1 in the same permit.
Santos told the stock exchange that this oil may form part of larger accumulation also incorporating the Pitcairn-1 oil discovery however further appraisal work was required to determine reserves potential.
Santos is the operator and has a 33.4 per cent stake in the permit. Other joint venture partners include ExxonMobil (33.4%), Nippon Oil Exploration (25%) and Woodside (8.2%).
