Finder Energy advances KTJ Project with development area approval

Finder Energy Holdings Ltd. received regulatory approval for a development area covering the Kuda Tasi and Jahal oil fields offshore Timor‑Leste, enabling progression toward field development.

Autoridade Nacional do Petróleo (ANP) approved an 88‑sq km development area over the Kuda Tasi and Jahal oil fields (KTJ Project) within PSC 19‑11 offshore Timor‑Leste, representing the first stage of the regulatory approvals process for the project.

The declaration of the development area is a precursor to the field development plan (FDP), which Finder is currently preparing for submission to ANP in second‑quarter 2026.

Upon approval of the FDP, the development area would secure tenure for up to 25 years or until production ceases, allowing Finder to conduct development and production operations within the area, subject to applicable regulatory approvals and conditions.

The company said its upside strategy centers on the potential for the Petrojarl I FPSO to serve as a central processing and export hub for future tiebacks of surrounding discoveries, contingent on successful appraisal and/or exploration activities within PSC 19‑11. Alternatively, longer tie‑back distances could be accommodated through a secondary standalone development in the southern portion of the PSC.

Finder is continuing technical evaluation of appraisal and exploration opportunities to generate drilling targets.

PSC 19‑11 lies within the Laminaria High oil province of Timor‑Leste. The KTJ Project contains an estimated 25 million bbl of gross 2C contingent resources, with identified upside of an additional 23 million bbl gross 2C contingent resources and 116 million bbl gross 2U prospective resources.

Finder operates PSC 19‑11 with a 66% working interest.