Finder Energy - Timor Leste

Amplus provided a re-deployed FPSO with transparent, cost efficient & flexible commercial field development solutions

Location

Timor Leste – Kuda Tasi & Jahal fields

Client

Finder Energy

Scope

Petrojarl I FPSO based Kuda Tasi & Jahal field development

Deliverable

Petrojarl I FPSO purchase & transfer, FEED, layup & upgrade management, HUC & Operations and Maintenance

  1. November 2024:

    Initial collaboration discussions with Finder Energy.

  2. Early2025:

    Amplus concludes deal to buy Petrojarl I FPSO. Discussions with Finder gain momentum.

  3. Formal engagement:

    Amplus formally responds to Finder FPSO related EOI and tender for Kuda Tasi & Jahal (KTJ) project offshore TimorLeste (~25MMBBL).

  4. May 2025:

    Amplus takes ownership of Petrojarl I.

  5. Positive relationship between Amplus and Finder continues:

    Mutual recognition of Petrojarl I’s ability to mimimize capex and fasttrack early first oil.

  6. Amplus agrees to transfer ownership

    of PJ I and takes a significant ownership stake in Finder Energy.

  7. Present:

    Undertaking layup management, preparing for life extension and upgrade campaign, undertaking FEED and developing an aligned O&M framework for FPSO deployment in Timor Leste.

  8. Future:

    FPSO O&M delivery and field life optimization for Finder Energy on KTJ oil fields.

Results

  • Amplus purchase of Petrojarl I FPSO and transfer into Finder Energy's ownership enabled capex efficient, FID supportive solution
  • Amplus managed and delivered FEED, lay-up and FPSO upgrade
  • Amplus transparent, cost efficient, Operations & Maintenance for field life
  • Improved project economics and faster schedule

Redeployment model and flexible commercial solutions enabled economic project and quicker first oil