Timor-Leste /Southeast Asia Oil Field Acquisition by Finder Energy!

8 August, 2024Uncategorized

In a significant move, the company has signed agreements to acquire the Kuda Tasi and Jahal Oil Fields offshore Timor-Leste. This acquisition secures 34 million barrels of discovered undeveloped oil, propelling the company into the development phase with a clear path to Final Investment Decision (FID) and First Oil.

The company is mobilizing resources to meet these objectives while exploring further potential within the Production Sharing Contract (PSC), including the Krill and Squilla discoveries, and near-field exploration opportunities.

Support from the Timor-Leste Government, ANP, and TIMOR GAP has been strong, positioning Finder Energy to play a key role in Timor-Leste’s energy future.