Finder Energy has received approval from Timor-Leste's petroleum regulator for the Field Development Plan (FDP) covering the Kuda Tasi and Jahal (KTJ) Project, marking a major milestone towards a targeted Final Investment Decision (FID) in the September quarter of 2026.
The approval enables the company and its partners to progress the redevelopment of the offshore oil fields within PSC TL-SO-T 19-11.
The initial development will comprise three subsea production wells tied back to the Petrojarl I FPSO, with facilities designed to accommodate future tie-back developments across the wider licence area. Finder estimates the KTJ Project contains 25 MMbbl gross 2C contingent resources, with additional discovered resources and exploration prospects providing longer-term growth potential.
With regulatory approval now secured, Finder will focus on financing, contracting and execution activities ahead of FID and its targeted first oil in late 2027 or early 2028.
