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How Finder Energy’s FPSO Buy and TIMOR GAP Deal Fast-Track KTJ Oil Project

8:38am on Monday 23rd of February, 2026 AEDT Energy
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How Finder Energy’s FPSO Buy and TIMOR GAP Deal Fast-Track KTJ Oil Project

8:38am on Monday 23rd of February, 2026 AEDT
Key Points
  • Acquisition of Petrojarl I FPSO to reduce operating costs and extend field life
  • Farmin agreement with TIMOR GAP secures 50% of KTJ Project development capex
  • Targeting final investment decision (FID) by mid-2026 and first oil by late 2027
  • Forecast initial production rates of 25,000–30,000 barrels per day
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