Finder Energy Says First Phase Engineering Studies Confirm Technical Feasibility of Redeploying Floating Production Vessel to Indonesia Oil Fields Project

MT Newswires Live

03/19

Finder Energy Holdings (ASX:FDR) said the first phase engineering studies assessing the repurposing of the Petrojarl I floating production, storage, and offloading vessel for the Kuda Tasi and Jahal oil fields project confirmed the technical feasibility of redeploying the vessel to the project, according to a Thursday Australian bourse filing.

The studies showed no significant constraints to achieving targeted production rates across multiple operating scenarios. They confirmed the vessel can support production rates of around 25,000 barrels of oil per day, with increasing water handling over field life.

Its shares rose 1% in recent trading on Thursday.

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