• Successful completion of Front-End Engineering Design for Subsea Production System and Production Wells
• Project on track for Final Investment Decision by mid-2026
• Integrated team from Subsea Integration Alliance delivers FEED on schedule and budget

Finder Energy Holdings Limited (Finder or FDR) has announced the successful completion of Front-End Engineering Design (FEED) for the Subsea Production System (SPS) and Production Wells of the Kuda Tasi and Jahal Development Project (KTJ Project). The FEED was completed on schedule 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 Final Investment Decision (FID). The FEED was delivered by an integrated team of engineers, geoscientists, project managers and global subject matter experts from the Subsea Integration Alliance, comprising Subsea7, SLB and OneSubsea. The final design of the SPS has been engineered to optimise production, increase field uptime and enhance recovery. Key workstreams completed include subsurface development planning, well design, subsea architecture and facilities integration for the final KTJ development concept. Finder is now actively managing procurement of long lead items and progressing commercial, financing and approval workstreams to reach FID by mid-2026.

Finder is on track to reach Final Investment Decision for the KTJ Project by mid-2026, following the successful completion of the Front-End Engineering Design phase.