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Finder Energy Holdings Limited (ASX:FDR)

ALERT: Price-sensitive ASX Announcement for FDR
Current share price for FDR : $0.375 -0.21 (-35.90%)+
Announcement
Release
19 Mar 2026 9:28AM
Price at Release
$0.585
Full Release
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Summary
Finder Energy Holdings Limited has released the results of Phase 1 engineering studies for the redeployment of the Petrojarl I Floating Production, Storage and Offloading vessel (PJI) to the Kuda Tasi and Jahal oil fields as part of the KTJ Project. The studies confirm the technical feasibility of redeploying the PJI, with minimal constraints on achieving targeted production rates. Key findings include the need for upgrades to the produced water treatment system and various equipment modifications to optimize performance. The vessel's materials are deemed suitable for redeployment, subject to corrosion management strategies, with no significant fatigue impacts under operational conditions. The project aims to finalize investment decisions by mid-2026, with first oil targeted for late 2027.
Key Points
  • Phase 1 engineering confirms technical feasibility for PJI redeployment.
  • Produced water treatment system identified as a primary upgrade requirement.
  • Vessel materials suitable for redeployment with corrosion management.
  • No significant fatigue impacts expected under operational conditions.
  • Targeted final investment decision by mid-2026 and first oil by late 2027.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.