Finder Energy Holdings Seeks Cornerstone Approvals for Timor Sea Oil Project

MT Newswires Live

May 28

Finder Energy Holdings (ASX:FDR) said it is seeking two cornerstone approvals for its Kuda Tasi and Jahal oil fields in the Timor Sea with the filing of an environmental impact statement and a field development plan, according to a Thursday filing with the Australian bourse.

The company is progressing toward a final investment decision for the project slated for the middle of the year, with first oil targeted for late 2027 or early 2028, per the filing.

Finder Energy said preparations for its 2027 drilling campaign are progressing with rig contracting, key procurement activities, and drilling management tenders underway.

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