KEYFACT Energy
Finder Energy has announced a transformative strategic alliance with global energy technology leader SLB to fast-track the development of its flagship Kuda Tasi and Jahal oil fields in Timor.
The Development Alliance agreement and accelerated Front-End Engineering Design with SLB, a US$50 billion company, will accelerate key drilling and subsea FEED components by approximately 12 months, paving the way for First Oil.
Dynamic reservoir modelling forecasts an initial production rate of 25,000–40,000 barrels of hashtag#oil per day, with 10 million barrels expected in the first 18 months. At a current oil price of US$75 per barrel, the project could generate approximately US$750 million in revenue during this period.
KeyFacts Energy: Finder Energy Timor-Leste country profile