Finder Energy KTJ Project Update & FIA Extension
Key points
- Final Investment Decision extended to 30 November 2026
- Progressing major contracting and procurement
- Debt financing advancing towards final stages
Full summary
Finder Energy Holdings Ltd. has extended the Final Investment Decision (FID) for the Kuda Tasi and Jahal (KTJ) oil fields project to 30 November 2026. The Farmin Agreement (FIA) with TIMOR GAP has been extended to allow for further work on major contracts and financing. The company has completed its international Engineering, Procurement, Construction and Installation (EPCI) tendering process and is now in contract negotiations with leading suppliers. Finder's debt financing process is in its final stages, supported by improved project cost certainty, a strong oil price outlook, and significant market interest in KTJ's high-quality crude. The company aims to drill in late 2027.
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