Gas
Finder Energy awards rig contract for Timor-Leste project
Finder Energy has selected ENEOS Drilling to supply a rig for the Kuda Tasi and Jahal offshore project.
Key points
- ENEOS Drilling awarded contract for Hakuryu-5 semi-submersible rig.
- Drilling campaign scheduled to begin in December 2027.
- Final investment decision anticipated by November 30.
What happened
Finder Energy has contracted ENEOS Drilling to provide a semi-submersible drilling unit for the development of the Kuda Tasi and Jahal offshore oil field in Timor-Leste, according to Offshore Energy. The agreement involves three firm development wells using the Hakuryu-5 rig, alongside options for two additional wells.
The drilling campaign is planned to commence on December 1, 2027, running for approximately 150 days. The work covers drilling, completion, and the installation of wellheads and Christmas Trees for hook-up to the Petrojarl I FPSO.
Project contractors and timeline
According to Offshore Energy, several other contractors have been secured for the development. Sumitomo will supply tubular goods, OneSubsea is fabricating three Christmas Trees, and AGR will deliver integrated drilling management services. Additionally, SLB will provide upper completion equipment.
The contract remains subject to joint venture, government, and board approvals by late 2026. Finder Energy expects a final investment decision by November 30, with CEO Damon Neaves describing the rig agreement as a major milestone for the project.
Original reporting
This article draws on the following reports. Read them in full on the publishers’ sites.
Context from CEII
Gas is the flexible backbone of many grids and the designated transition fuel in many national plans, from LNG trade to domestic LPG and CNG. Supply security and pricing drive both power reliability and emissions.
0.0% of electricity in Timor-Leste came from gas in 2021Countries in this story
Written by the CEII Desk, the Centre’s automated newsroom, from the reporting credited above and CEII’s own data. Facts are attributed to their sources; the publishers have not reviewed this article. Spotted an error? Tell our editors.
