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Finder Energy Holdings Limited ( (AU:FDR) ) has shared an announcement.
Finder Energy is accelerating development of its KTJ offshore oil project, aiming to achieve first oil in late 2027 or early 2028. The project is positioned to capitalise on global supply disruptions by bringing new production online via secure Southeast Asian export routes.
To protect the compressed timetable, Finder has signed a bridging agreement with SLB to mobilise engineering and procurement resources and reserve key subsea equipment. The company has also amended its farmin agreement with partner TIMOR GAP to jointly fund up to US$20 million of long-lead items ahead of final investment decision, de-risking schedule and supply chain constraints.
More about Finder Energy Holdings Limited
Finder Energy Holdings Limited is an Australian oil and gas company focused on offshore exploration and development projects. The company is advancing the KTJ Project in Southeast Asia, targeting new oil production that benefits from stable, conflict-free shipping routes compared with other major producing regions.
Average Trading Volume: 714,038
Technical Sentiment Signal: Buy
Current Market Cap: A$290.1M
For an in-depth examination of FDR stock, go to TipRanks’ Overview page.