How Finder Energy’s FEED Completion Sets Stage for Mid-Year KTJ Investment Decision

Milestone Achieved in Offshore Development

Finder Energy Holdings Limited has marked a significant step forward in its Kuda Tasi and Jahal (KTJ) Development Project by completing the Front-End Engineering Design (FEED) phase for the subsea production system and production wells. This achievement, delivered on schedule, aligns with the company’s accelerated timeline and positions the project to transition into procurement, financing, and regulatory approval stages ahead of a targeted Final Investment Decision (FID) by mid-2026.

Collaborative Engineering Excellence

The FEED was executed by the Subsea Integration Alliance, a consortium comprising Subsea7, SLB, and OneSubsea, under the supervision of Finder’s Chief Operating Officer, Mark Robertson. CEO Damon Neaves highlighted the alliance’s multidisciplinary approach as instrumental in meeting the demanding timetable. The integrated team’s efforts have resulted in a refined subsea production system design that emphasises safety, simplicity, and efficiency, setting a new benchmark for offshore oil project execution.

Optimised Design and Cost Efficiency

The engineering design incorporates detailed reservoir modelling and geomechanical analysis to optimise production forecasting and flow assurance. Notably, the drilling plan features a drill centre arrangement for the two Kuda Tasi wells, which is expected to reduce development costs by shortening drilling times and simplifying subsea infrastructure. The subsea production system includes Christmas trees at each well and subsea electrical submersible pump skids, with produced fluids routed to the FPSO via flexible flowlines and risers.

Preparations for Next Phases

With the FEED phase complete, Finder Energy is actively managing procurement of long-lead items to maintain the accelerated schedule and optimise costs. Concurrently, Amplus Energy is advancing engineering studies and life extension work on the Petrojarl I FPSO, recently relocated to a cost-effective layup facility in Tenerife. These parallel efforts aim to ensure the FPSO is ready to support the KTJ Project’s production requirements.

Looking Ahead

As Finder Energy progresses commercial, financing, and approval workstreams, the successful FEED completion de-risks the project and enhances its attractiveness to investors. The company’s focus now turns to securing the necessary approvals and funding to reach FID by mid-year, a critical juncture that will determine the pace of subsequent construction and development activities.