Highlights

  • Finder Energy continued progressing the Kuda Tasi and Jahal oil development project in Timor-Leste during 2026.
  • The project received environmental approval from Timor-Leste’s petroleum regulator.
  • The company continued working towards commercial and financial steps required for development.
  • The KTJ project includes planned offshore redevelopment activities and production wells.
  • Future updates will focus on financing, project agreements and development milestones.

Finder Energy Holdings Limited (ASX:FDR) is an oil and gas development company focused on offshore opportunities in Timor-Leste. During 2026, the company continued advancing the Kuda Tasi and Jahal (KTJ) oil development project, with regulatory approvals, technical planning and financing activities forming key areas of focus.

KTJ Project Development Progress

Finder Energy’s KTJ project remains the company’s main development asset. The project involves the redevelopment of the Kuda Tasi and Jahal oil fields offshore Timor-Leste. During 2026, the company progressed regulatory and technical activities required to support potential development. The project plan includes offshore infrastructure, production wells and associated facilities required for future operations.

Regulatory Approvals

During 2026, the KTJ project received approval for its environmental impact statement from Timor-Leste’s petroleum regulator. This followed approval of the field development plan earlier in the year. These approvals represent important regulatory steps in progressing the project towards future development decisions.

Project Ownership and Resource Position

Finder Energy holds a 49 per cent interest in the KTJ project alongside Timor-Leste’s national oil company. The approved development plan includes redevelopment activities at the Kuda Tasi and Jahal fields. The company has reported reserves associated with the planned development, while future project progress will depend on financing and execution.

Development Plan and Infrastructure

The KTJ development concept includes the redevelopment of an existing floating production vessel, drilling of subsea production wells and installation of associated subsea infrastructure. The company continues evaluating the commercial and technical requirements needed to progress the project through the next stages.

Funding and Commercial Activities

Finder Energy completed Capital raising activities during 2026 to support project development activities and corporate requirements. However, offshore oil developments require significant funding beyond early-stage capital activities. The company continues evaluating financing options, partnerships and project agreements required to advance KTJ.

Risks and Areas to Monitor

Offshore oil development projects involve technical, financial and operational risks. Key considerations include securing project finance, managing development costs, obtaining required contracts and maintaining project timelines. Vessel availability, drilling activities and market conditions may also influence future progress.

Future Development Activities

Future company announcements may provide updates on financing arrangements, joint venture discussions, contract awards, Investment decision timing and development milestones. Progress across these areas will provide further information on the pathway towards potential production.

Key Insights

Finder Energy’s 2026 activities highlight the transition of the KTJ project from regulatory preparation towards development planning. The company has advanced important approval milestones while continuing to address financing and commercial requirements. Future progress will depend on successful project execution, funding arrangements and completion of remaining development steps.