There is a high chance a tropical cyclone will form by the end of the week.

Flood-ravaged parts of Far North Queensland and the Northern Territory could be hit by another tropical cyclone as a new weather system brews off the tropical north coast.

Favourable weather environments have kicked off another tropical low which developed south of the Solomon Islands, and is forecast to strengthen as it moves closer to Queensland’s coastline, the Bureau of Meteorology (BOM) said.

The system has a high chance of forming into a tropical cyclone by the end of the week, and is forecast to barrel through the far north of the state, before heading into the Gulf of Carpentaria and continuing over into the Northern Territory.

If the system does form, it will be known as Tropical Cyclone Oran.

Senior meteorologist Livio Regano said even if the tropical low does not develop into a cyclone, the system will still bring unwanted rain to sodden areas.

“What’s changed really quite dramatically in the last day or two is the certainty of its path,” he said.

“Pretty much there’s a really strong consensus with all (weather) model runs, they have it basically darting towards Cape York Peninsula with a crossing sometime late this week, maybe Friday, north of Cooktown somewhere.

“Whether it becomes a cyclone or not, it will increase rainfall and wind for north Queensland.

“North Queenslanders, I think, have had enough rain, don’t need any more. So it’s not great for them, all the catchments are wet.”