Finder Energy Clears Key Engineering Hurdle for Timor Sea FPSO Redeployment

An announcement from Finder Energy Holdings Limited ( (AU:FDR) ) is now available.

Finder Energy has completed Phase 1 engineering studies confirming the technical feasibility of repurposing the Petrojarl I FPSO for the Kuda Tasi and Jahal oil fields, with the vessel able to support about 25,000 barrels of oil per day across multiple operating scenarios. The work shows core processing systems are largely fit-for-purpose, with the main upgrade required being a new produced water treatment system, alongside targeted equipment optimisations and mooring design refinement.

Assessments found no material reduction in vessel fatigue life under Timor Sea conditions, sufficient power generation capacity without major upgrades, and a defined environmental approvals pathway to support the project schedule. Phase 2 engineering will focus on process optimisation, detailed design of water treatment and mooring systems, and cost and schedule definition, with a final investment decision targeted by mid-2026 and first oil planned for late 2027, underscoring the project’s progress and potential value for stakeholders.

The most recent analyst rating on (AU:FDR) stock is a Hold with a A$0.60 price target. To see the full list of analyst forecasts on Finder Energy Holdings Limited stock, see the AU:FDR Stock Forecast page.

More about Finder Energy Holdings Limited

Finder Energy Holdings Limited is an Australian-listed oil and gas company focused on offshore exploration and development, with current efforts centred on the Kuda Tasi and Jahal oil fields in the Timor Sea. The company has strategically acquired the Petrojarl I floating production, storage and offloading vessel to provide critical infrastructure for these fields and accelerate the timeline to first oil.

Average Trading Volume: 776,552

Technical Sentiment Signal: Buy

Current Market Cap: A$273.8M

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