Finder Energy Holdings Limited Partners with SLB to Accelerate KTJ FEED by 12 Months and Pave the Way to First Oil with a US$0.9M Investment
Tuesday, June 17, 2025
at
10:12 am
Finder Energy Holdings Limited has teamed up with global energy leader SLB to fast-track key engineering work for its KTJ Project. The accelerated FEED process is set to cut time to First Oil, while collaborative cost efficiencies boost the project’s potential—a promising step for growth and investor interest.
Finder Energy Holdings Limited has entered into a strategic partnership with SLB, a global leader in energy technology, to fast‐track the development of its KTJ Project at the Kuda Tasi and Jahal Oil Fields. The collaboration marks a significant milestone as key components of the Front End Engineering and Design (FEED) stage will now be completed in six to nine months—approximately 12 months ahead of the original schedule. SLB is swiftly deploying technical and project management teams across subsurface, drilling, and subsea engineering disciplines in alignment with Finder’s accelerated development strategy.
The new agreements include a Development Alliance Agreement and an Accelerated FEED Project Agreement designed to streamline various technical domains such as reservoir engineering, subsea production system integration, and well construction. A joint project team led by Finder’s Chief Operating Officer, Mark Robertson, and overseen by a joint steering committee combining management teams from both companies, will work to optimize project design, costings, and equipment selection. This integrated approach is expected not only to advance the project timeline towards First Oil but also to yield cost savings through a collaborative contracting model.
The initiative is financially anchored by an estimated commitment of approximately US$0.9 million by Finder under the accelerated FEED agreement. While this repositions certain forecast expenditures into the current calendar year, the collaborative model and access to SLB’s global procurement programs are anticipated to mitigate costs and reduce delivery times. Finder’s Chief Executive Officer, Damon Neaves, emphasized that the alliance with SLB brings enhanced development capability, laying a pathway from FEED through to Final Investment Decision and the construction phase.
The news brings mixed implications for market sentiment. A bullish perspective highlights the accelerated timeline and cost optimization strategies as a positive signal, suggesting that faster achievement of First Oil could unlock substantial economic potential and generate near-term investor momentum. Conversely, a bearish view raises concerns over potential technical and schedule risks inherent in compressing complex engineering processes. Additionally, uncertainties remain regarding subsequent stage expenditures and regulatory approvals, factors that could impact future profitability if project challenges emerge.