• Successful completion of Front-End Engineering Design for Subsea Production System and Production Wells
• Project on track for Final Investment Decision by mid-year
• Integrated team delivered FEED on schedule and budget

Finder Energy Holdings Limited (ASX:FDR) has announced the successful completion of the Front-End Engineering Design (FEED) for the Subsea Production System (SPS) and Production Wells for the Kuda Tasi and Jahal Development Project (KTJ Project). The FEED was completed on schedule and in accordance with the fast-track development timeline for the KTJ Project. With FEED now complete, the project is well positioned to transition from development concept definition into procurement, financing activities and approval processes leading to a Final Investment Decision (FID) by mid-year. The Subsea Integration Alliance, comprising Subsea7, SLB and OneSubsea, has brought considerable resources to the KTJ Project, enabling the finalization of the engineering and design of the Subsea Production System and production wells within the challenging timetable. The integrated FEED scope covered subsurface development planning, well design, subsea architecture and facilities integration for the final KTJ development concept. Key achievements include the detailed reservoir modeling, well construction and engineering, and the refinement of the SPS design to focus on a safe, simple and efficient production system. With the project definition complete and the master equipment list identified, Finder is now actively managing procurement of long lead items to achieve the accelerated project timetable and optimise cost outcomes.

Finder is progressing all remaining workstreams, including commercial, financing and approvals required to reach FID by mid-year for the KTJ Project.