Finder Energy

What Finder Energy does

Finder Energy is an ASX-listed (ASX: FDR) upstream oil and gas exploration and development company headquartered in South Perth, Western Australia. Established in 2004 and listed on the ASX in 2022, the company builds and advances a portfolio of exploration permits and discovered oil fields across three premier hydrocarbon basins: the Australian North West Shelf (AC/P 61 in the Bonaparte Basin and the 7,260 km2 WA-547-P permit in the Northern Carnarvon Basin), Timor-Leste PSC 19-11 in the Laminaria High oil province, and the UK Central and Northern North Sea (licences P2530, P2610, and P2655). Its core near-term development asset is the Kuda Tasi and Jahal oil field cluster in Timor-Leste, carrying 25 MMbbl of combined gross 2C Contingent Resources and targeted for FPSO-based production at 25,000-40,000 bopd.

The company's technical platform is built around subsurface geoscience, including advanced 3D seismic acquisition and reprocessing (Big Bird 2022 broadband PSDM), Full Waveform Inversion, depth processing, AVO analysis, and hydrocarbon chimney interpretation used to de-risk and mature prospects such as the Gem Prospect (AC/P 61), the Boaz gas/condensate prospect (P2610), and the Fulmar interpod ILX plays on P2530. Finder operates as permit administrator on its UK licences, operator on its Australian acreage, and PSC operator (66%) in Timor-Leste, often partnering with majors and mid-caps — Equinor on P2610, Serica Energy and Dana Petroleum on P2530 — and on June 30, 2025 entered an engineering alliance with SLB to advance the KTJ project.

Finder's revenue model is commodity-based crude oil sales to refineries and trading houses at prevailing market prices, supplemented by farmout transactions to bring in equity partners for development. With KTJ still in the development/engineering phase, the company is effectively pre-revenue from production. The company's customer base (refineries and crude traders) is undifferentiated and price-taking; revenue concentration risk therefore sits with the timing of first oil and oil price exposure rather than with any specific named off-taker.

Name

Finder Energy

Legal name

Finder Energy Holdings Limited

Website

https://finderenergy.com

Company type

Public

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

Finder Energy is an ASX-listed upstream oil and gas explorer and developer focused on discovered fields and high-impact prospects across the Australian North West Shelf, Timor-Leste PSC 19-11, and the UK North Sea, with the Kuda Tasi/Jahal development as its core near-term production asset.

Ownership category

akta.pro rank

Product category

Upstream Oil and Gas Exploration and Production

NAICS

Crude Petroleum Extraction (211120), Natural Gas Extraction (21113), Oil and Gas Extraction (2111), Support Activities for Oil and Gas Operations (213112), Oil and Gas Extraction (211)

SIC

Crude Petroleum & Natural Gas (1311), Drilling Oil & Gas Wells (1381), Oil & Gas Field Exploration Services (1382)

akta.pro industry

PRIMARYEUALAAAI

Offshore E&P (Shallow/Deepwater, Subsea Production Systems)

Energy, Utilities & Environment/Oil & Gas (Upstream, Midstream, Downstream and Refining)/Upstream Exploration & Production (E&P)

SECONDARYEUALABAK

Seismic & Geoscience Services (Acquisition, Processing, Interpretation)

Energy, Utilities & Environment/Oil & Gas (Upstream, Midstream, Downstream and Refining)/Oilfield Services & Drilling (OFS)

SECONDARYEUAAAAAM

Field Development & EOR/IOR for Gas (Compression, Refracturing, Reservoir Management)

Energy, Utilities & Environment/Bioenergy, Natural Gas & Biomass/Natural Gas Exploration & Production (Upstream)

SECONDARYEUAAAAAI

Drilling & Well Construction (Rig Ops, Directional, Casing, Cementing)

Energy, Utilities & Environment/Bioenergy, Natural Gas & Biomass/Natural Gas Exploration & Production (Upstream)

SECONDARYEUALAAAF

Production Operations & Well Optimization (Artificial Lift, Flow Assurance)

Energy, Utilities & Environment/Oil & Gas (Upstream, Midstream, Downstream and Refining)/Upstream Exploration & Production (E&P)

Keywords

• Oil and gas exploration
• Upstream production
• Offshore drilling
• Hydrocarbon development
• Oil field development

Headquarters

HQ city

South Perth

HQ country

Australia

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Technology or R&D, Personnel, Infrastructure

Revenue model

1. Oil and Gas Production Sales: Revenue generated from the sale of crude oil and gas produced from developed oil fields. The Kuda Tasi and Jahal Oil Fields in Timor-Leste PSC 19-11 represent the primary production assets, with initial production rates of 25,000-40,000 bopd expected.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Finder Energy is an upstream oil and gas exploration and development company that acquires, explores, appraises, and develops hydrocarbon assets in premier basins across Timor-Leste (PSC 19-11), Australia's North West Shelf (AC/P 61, WA-547-P), and the UK North Sea (P2530, P2610, P2655). The company produces crude oil from developed fields, targeting initial production rates of 25,000-40,000 bopd from the Kuda Tasi and Jahal development, and conducts farmout transactions to share development risk and bring in partners.

Product overview

Finder Energy is an oil and gas exploration and development company established in 2004, listed on the ASX in 2022. The company's core offering is a portfolio of exploration permits and discovered oil fields across three regions: Timor-Leste, Australia (North West Shelf), and the UK North Sea. In Timor-Leste (PSC 19-11), Finder operates the near-term development of the Kuda Tasi and Jahal Oil Fields (combined 25 MMbbl 2C resources) via FPSO-based development targeting 25,000–40,000 bopd, alongside the Krill & Squilla fields (23 MMbbl 2C resources) and drill-ready exploration prospects (116 MMbbl mean prospective resources). The Australian portfolio includes two exploration permits (AC/P 61 and WA-547-P) in the North West Shelf covering 7,595 km2 with high-potential prospects. The UK portfolio comprises three production licences (P2530, P2610, P2655) in the Central and Northern North Sea. The company functions as both permit operator and equity participant, with activities spanning exploration, appraisal, development planning, and farmout transactions.

Differentiator

Problem solved

Functional benefit

Products and services

• Kuda Tasi Oil Field Discovered and fully appraised oil field located in PSC 19-11, Timor-Leste, with 25 MMbbl Gross 2C Contingent Resources (combined with Jahal). Development planned via FPSO tied to subsea wells, targeting initial production rates of 25,000-40,000 bopd, within the Laminaria High oil province.
• Jahal Oil Field Discovered and fully appraised oil field in PSC 19-11, Timor-Leste, with combined 25 MMbbl Gross 2C Contingent Resources. Part of the near-term development hub strategy targeting initial production rates of 25,000-40,000 bopd.
• Krill & Squilla Oil Fields Discovered oil fields in PSC 19-11, Timor-Leste, with combined 23 MMbbl Gross 2C Contingent Resources, providing a low-risk upside opportunity in the Laminaria High oil province.
• Timor-Leste PSC 19-11 Exploration Prospects Drill-ready, low-risk and near-field exploration prospects with combined 116 MMbbl Gross Mean Prospective Resources located in the Laminaria High oil province of Timor-Leste.
• P2530 Licence (UK North Sea) Seaward Production Licence in the West Central Graben, Central North Sea. Finder holds 20% interest as Permit Administrator, with partners Dana Petroleum (40%) and Serica Energy (40%). Contains Fulmar play prospectivity unlocked by Big Bird 2022 broadband PSDM 3D reprocessing.
• P2610 Licence (UK North Sea) Seaward Production Licence in the East Shetland Basin, Northern North Sea. Finder holds 50% interest as Permit Administrator with partner Equinor UK Limited. Contains the large Boaz gas/condensate prospect near Equinor-operated Gina Krog and Sleipner host facilities.
• P2655 Licence (UK North Sea) Seaward Production Licence in the South Halibut Shelf. Finder holds 100% interest as Permit Administrator. Multiple Upper Jurassic prospects identified similar in age to nearby oil fields, with high-end modern reprocessing applied (Big Buzz 3D).
• AC/P 61 Permit (Australia) Exploration permit in the Bonaparte Basin, Vulcan Sub-basin (337 km2). Finder holds 100% as Operator. Contains the Gem Prospect with high-grade 3D seismic acquisition and depth processing using full waveform inversion technologies.
• WA-547-P Permit (Australia) Exploration permit in the Northern Carnarvon Basin covering 7,260 km2. Finder holds 100% equity in Australia's premier offshore exploration trend with material prospects defined on 3D seismic featuring Dorado play characteristics.

Quantifiable outcome

• Initial production rates of 25,000-40,000 bopd expected from Kuda Tasi and Jahal development
• +2 more outcomes

Segments1 record

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core.

• SLBcoreTechnology or Integration · 30 June 2025SLB (formerly Schlumberger) formed an alliance with Finder Energy to provide expertise for the Kuda Tasi and Jahal (KTJ) Project development in Timor-Leste. The partnership de-risks the KTJ project engineering through SLB's global expert capabilities.
• Serica EnergycoreStrategic or Co-development PartnerSerica Energy holds 40% interest in P2530 licence in the UK Central North Sea (West Central Graben). Finder Energy holds 20% and is Permit Administrator. The partnership includes Dana Petroleum with 40% interest. The licence contains Fulmar play prospectivity unlocked by Big Bird 2022 broadband pSDM 3D reprocessing.
• Dana PetroleumcoreStrategic or Co-development PartnerDana Petroleum (E&P) Limited holds 40% interest in P2530 licence in the UK Central North Sea alongside Serica Energy (40%) and Finder Energy (20%, Permit Administrator).
• Equinor UK LimitedcoreStrategic or Co-development PartnerEquinor UK Limited holds 50% interest in P2610 licence in the Northern North Sea (South Viking Graben). Finder Energy holds 50% and is Permit Administrator. The licence contains the large Boaz gas/condensate prospect and is close to Equinor's Gina Krog and Sleipner host facilities.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Serica Energy: UK North Sea operator holding 40% interest in P2530 alongside Finder. Directly comparable as a UKCS-focused E&P with operated and non-operated production interests and ongoing exploration activity.
• Carnarvon Energy: ASX-listed E&P focused on the Bedout Sub-basin on the North West Shelf where the Dorado discovery was made. Highly comparable to Finder given overlapping basin focus and shared management heritage (Fred Wehr previously led Dorado at Carnarvon).
• Jadestone Energy: Asia-Pacific focused upstream E&P with producing and development assets including offshore Australian production. Comparable to Finder as a small-cap operator developing discovered oil fields in regional basins.

Broad incumbents

• Santos: Major Australian oil and gas producer with extensive North West Shelf infrastructure. Comparable as a regional incumbent whose infrastructure and offtake pathways may be leveraged by North West Shelf producers such as Finder.
• Dana Petroleum: International upstream operator and 40% partner in Finder's P2530 licence. Comparable as an established UK North Sea operator with overlapping acreage and exploration interests.
• Equinor UK: Global super-major and operator of Gina Krog, Sleipner, and 50% partner in Finder's P2610 Boaz licence. Broadly comparable as a North Sea E&P with extensive infrastructure access that Finder's prospects could leverage.

Emerging players

• Buru Energy: ASX-listed E&P with exploration and production assets in Western Australia. Comparable as a junior operator with a similar pre-production development profile focused on Australian basins.
• 88 Energy: ASX-listed junior E&P with exploration acreage. Comparable as a small-cap explorer raising equity capital to fund high-impact drilling in frontier and emerging basins.
• Triangle Energy: ASX-listed small-cap E&P with North West Shelf assets. Comparable as a junior Australian operator developing onshore/offshore production and pursuing regional exploration.
• Invictus Energy: ASX-listed upstream E&P with frontier exploration assets in Africa. Comparable as a small-cap pre-revenue operator pursuing high-impact exploration and seeking farm-in partners.

Market position

Weaknesses5 records

Competitive moat4 records

Key risks3 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCZLaUWK9EwHGmgv0XTe4F6A
• Facebookfacebook.com/FinderEnergyHoldingsLimited
• LinkedInlinkedin.com/company/finder-energy

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Finder Energy