Finder Energy’s Kuda Tasi and Jahal Fields Offer 25,000-40,000 Bopd Potential
Finder Energy has spotlighted its Kuda Tasi and Jahal oil fields at the SEC 2025 Conference, revealing a fast-track development plan with robust resource estimates and promising production rates.
- 45 million barrels 2C contingent resources in Timor-Leste PSC 19-11
- Initial production rates forecasted at 25,000-40,000 barrels per day
- Phased subsea FPSO development strategy to accelerate first oil
- Strong government support and favourable fiscal terms
- Exploration upside with drill-ready prospects and high success rates
Strategic Presentation at SEC 2025
Finder Energy Holdings Limited recently presented its Kuda Tasi and Jahal oil development opportunity at the Farmout and Opportunities forum during the SEC 2025 Conference in Singapore. The company’s Subsurface Manager, Aaron Bond, detailed the promising attributes of these oil fields located in Timor-Leste’s PSC 19-11 license area, underscoring their development readiness and significant resource potential.
Robust Resource Base and Production Potential
The combined 2C contingent resources for Kuda Tasi and Jahal stand at approximately 45 million barrels, complemented by a Pmean prospective resource estimate of 116 million barrels. These figures reflect a substantial opportunity in a region with a history of successful oil production. Reservoir data indicates high-quality light sweet crude oil with API gravity around 55°, supported by excellent porosity and permeability metrics. Initial well tests have demonstrated production rates ranging from 25,000 to 40,000 barrels per day, suggesting strong deliverability and rapid cash flow potential.
Innovative Development Approach
Finder Energy plans a phased development using a subsea Floating Production Storage and Offloading (FPSO) system, deploying three development wells to optimize costs and accelerate the timeline to first oil. This approach aims to reduce capital expenditure and enable payback within the first year of production, reflecting robust project economics. The company’s strategy balances technical innovation with pragmatic execution to unlock value swiftly.
Supportive Regulatory Environment and Exploration Upside
Timor-Leste’s government and its national oil company, TIMOR GAP, have shown strong support for the project, offering excellent fiscal terms under the PSC 19-11 framework. This stable and developing nation presents a low environmental, social, and governance (ESG) risk profile, enhancing the project's attractiveness. Additionally, Finder highlights near-field exploration prospects such as Lanjara, Krill, and Squilla, which have a historical success rate exceeding 50%, indicating further upside potential beyond the current development scope.
Looking Ahead
While the presentation paints a compelling picture of near-term production and cash flow, the company acknowledges the inherent risks associated with development, regulatory approvals, and financing. Nevertheless, Finder Energy’s detailed reservoir modelling and phased development plan position it well to capitalize on these assets in the evolving energy landscape of Southeast Asia.
Bottom Line?
Finder Energy’s Timor-Leste oil development is poised to deliver rapid production growth, but execution risks remain as it moves toward first oil.
Questions in the middle?
- What are the timelines and milestones for securing final regulatory approvals and project financing?
- How will fluctuating global oil prices impact the economic viability of the phased FPSO development?
- What are the plans for monetizing the exploration upside in nearby prospects like Lanjara?
