Sunda Energy, Finder to collaborate on semisub rig procurement offshore Timor-Leste
SundaGas signed a letter of intent with Finderto jointly secure a drilling rig for separate drilling campaigns offshore Timor-Leste.
SundaGas operates the TL-SO-19-16 Production Sharing Contract, which contains the Chuditch gas field, where it plans to drill the Chuditch-2 appraisal well. Finder operates the Kuda Tasi and Jahal fields offshore Timor-Leste and plans to drill at least three development wells. Both operators work in partnership with government-owned TIMOR GAP.
Under the LOI, the parties agreed to seek a mutually acceptable semisubmersible rig suitable for both campaigns, align contracts for materials and services where appropriate and coordinate on project management, planning and execution.
A semisubmersible is required as the Kuda Tasi and Jahal wells will be drilled in approximately 400 m of water, while the Chuditch-2 location sits in around 65 m. Chuditch-2 drilling is anticipated to commence as early as possible in 2027, subject to rig availability.
