What major update did Finder Energy (ASX:FDR) announce regarding the Kuda Tasi and Jahal Project?

Finder Energy (ASX:FDR) and its joint-venture partner TIMOR GAP have formally lodged two critical regulatory submissions: the comprehensive Field Development Plan (FDP) and the statutory Environmental Impact Statement.

Why does the stronger Brent crude forward curve matter for Finder Energy (ASX:FDR)?

The materially stronger Brent crude forward curve directly enhances the project's overall economics and debt capacity. This macro tailwind improves the commercial viability of the upcoming debt-financing process required to fund the asset's development.

When is Finder Energy (ASX:FDR) targeting first production for the KTJ Project?

Backed by secured procurement timelines for long-lead items, Finder Energy is targeting an accelerated timeline for First Oil between late 2027 and early 2028. Meeting this target heavily depends on maintaining momentum through the upcoming 2027 drilling campaign and shipyard works.

How does Finder Energy (ASX:FDR) plan to expand the asset's long-term value?

Management has initiated extensive feasibility assessments regarding future subsea tie-back opportunities within the broader PSC 19-11 concession area. This strategy aims to unlock additional resource value and drive long-term organic growth beyond the initial Kuda Tasi and Jahal development footprint.

Image for illustrative purposes only. Not a real photo.

Finder Energy accelerates key Timor offshore project

Q: What operational milestones are driving Finder Energy’s (ASX:FDR) near-term momentum?

Operational velocity has increased with the formal issuance of an Invitation to Tender (ITT) for the shipyard scope needed to redeploy the Petrojarl I Floating Production Storage and Offloading (FPSO) vessel. Additionally, the team has successfully secured delivery timelines for key long-lead procurement items on the critical path.

Written by Liezl GambePublished May. 28 2026Last Updated May. 28 2026

Finder Energy (ASX:FDR) and joint-venture partner TIMOR GAP are rapidly advancing the Kuda Tasi and Jahal Project within the strategic PSC 19-11 block, moving towards a definitive final investment decision targeted for mid-2026.

The joint venture has formally lodged two cornerstone regulatory approvals: the comprehensive field development plan and the statutory environmental impact statement.

The critical submissions are now progressing smoothly through official government approval channels.

Project economics and overall debt capacity have received a substantial boost, heavily supported by a materially stronger Brent crude forward curve that enhances the commercial viability of the upcoming debt-financing process.

Operational momentum is accelerating across multiple structural fronts, highlighted by the formal issuance of an invitation to tender for the crucial shipyard scope of work required to successfully redeploy the Petrojarl I Floating Production Storage and Offloading vessel.

Furthermore, the asset development team has secured delivery timelines for key long-lead procurement items on the critical path, supporting an accelerated target for First Oil between late 2027 and early 2028.

Behind the scenes, intensive preparations for the highly anticipated 2027 production drilling campaign are well underway, with offshore rig contracting, critical equipment procurement activities, and comprehensive drilling management tenders all moving forward simultaneously.

Finder Energy has also initiated extensive feasibility assessments regarding future subsea tie-back opportunities, aiming to drive long-term strategic growth and unlock substantial additional value from the broader PSC 19-11 concession area.

At the time of reporting, Finder Energy’s share price was $0.35.