Sunda Energy and Finder Energy collaborate on offshore drilling in Timor-Leste

Summary

Sunda Energy and Finder Energy have signed a letter of intent to collaborate on securing a drilling rig for offshore campaigns in Timor-Leste. The joint effort aims to combine drilling activities for the Chuditch-2 appraisal well and Finder's KTJ development wells into a single campaign, extending rig utilization to around 200 days. Drilling for the Chuditch-2 well is now expected to begin in 2027, delayed from the previous target of Q2 2026.

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