Established in 2004, Finder Energy is a successful and proven oil and gas explorer. Since then, Finder has built a substantial acreage portfolio of highly prospective exploration permits in two of the world’s premier hydrocarbon basins, the North West Shelf of Australia and the United Kingdom North Sea.

OVERVIEW OF OPERATIONS

Australia – North West Shelf

The offshore North West Shelf is a world class hydrocarbon province and extends for approximately 2,400 km along the northwest margin of the Australian continent. To date it has produced over 10 billion barrels of oil equivalent. 

Finder has a NWS portfolio with an interest in two exploration permits covering 7,595 km². Finder is strategically positioned in the most prospective areas of the NWS with permits located in the Dampier and Beagle Sub-basins and the Vulcan Sub-basin of the Bonaparte Basin.

Equity is available in both permits.

AC/P 61

The North West Shelf of Australia is a world class hydrocarbon province and produces over 75% of Australia’s total oil and gas. It extends over 2,400 km along the northwest margin of the Australian continent and comprises four geological basins, the Northern Carnarvon, Offshore Canning, Browse and Bonaparte basins. To date it has produced over 10 billion barrels of oil equivalent. 

Finder has a NWS portfolio with an interest in two exploration permits covering 7,595 km². Finder is strategically positioned in the most prospective areas of the NWS with permits located in the Dampier and Beagle Sub-basins and the Vulcan Sub-basin of the Bonaparte Basin.

Equity is available in both permits.

AC/P 61

Basin: Bonaparte Basin, Vulcan Sub-basin
Area: 337 km²
Water Depth: 125 – 275 metres
Status: Exploration Permit
Interest: Finder Energy (100%, Operator)

WA-547-P

Basin: Northern Carnarvon Basin
Area: 7,260 km²
Water Depth: 30 – 135 metres
Status: Exploration Permit
Interest: Finder Energy (100%, Operator)

Permit Highlights

• Finder holds 100% equity in Australia’s premier offshore exploration trend.
• >70% exploration success rate in the adjacent Bedout Sub-basin.
• Material prospects defined on 3D with the same characteristic features of the Dorado play such as channel incisions, bright amplitude-versus-offset (AVO) responses and hydrocarbon chimneys.
• Shallow water depths and targets lead to simple well designs and lower cost drilling.
• Equity is available in WA-547-P.  Please contact info@finderenergy.com if you would like to find out more about the material prospectivity within some of Australia’s hottest exploration plays.

UK – North Sea

The North Sea is one of the most prolific hydrocarbon provinces in the world. Total production to date from the UK Continental Shelf is over 45 billion barrels of oil equivalent.

Finder currently holds 5 seaward production licences, 4 in the Central North Sea (P2524, P2527, P2528 and P2530) and one in the Northern North Sea (P2502).

P2502

Basin: East Shetland Basin, Northern North Sea
Area: 424 km²
Water Depth:~150 metres
Status: Seaward Production “Innovate” Licence – Phase A
Interests: Finder Energy (50%, Permit Administrator), Dana Petroleum (E&P) Limited (50%)

Highlights:

• Located in the western part of the East Shetland Basin, with a proven play and petroleum system as demonstrated by the nearby Cladhan, Magnus and Penguin Fields.
• Significant hydrocarbon potential within the under-explored Upper Jurassic syn-rift play.
• Re-evaluation of SW Heather discovery and tie-back development potential.
• Prospect rich licence spanning three sub-basins and covered by 3D seismic data.
• Finder farmed out 50% to Dana Petroleum (E&P) Limited, operator of the nearby Western Isles infrastructure.

P2524    

Basin: South Viking Graben, Central North Sea
Area: 171 km²
Water Depth: ~125 metres
Status: Seaward Production “Innovate” Licence – Phase A
Interests: Finder Energy (40%, Permit Administrator), Chrysaor Limited, now Harbour Energy (60%)

Highlights:

• Ideally located in the prolific South Viking Graben, adjacent to producing fields.
• Latest PSDM Geostreamer 3D data acquisition high grades the Barracuda Prospect.
• Proven play and petroleum system – down-dip from full-to-spill hydrocarbons discoveries to the south-west.
• Direct access to mature source kitchens.
• Numerous tie-back opportunities with surrounding infrastructure hosts, including joint venture partner, Harbour Energy, operator of the Britannia and Armada infrastructure hubs.

P2530

Basin: West Central Graben, Central North Sea
Area: 576 km²
Water Depth: ~85 – 110 metres
Status: Seaward Production “Innovate” Licence – Phase A
Interests: Finder Energy (60%, Permit Administrator), Dana Petroleum (E&P) Limited (40%)

Highlights:

• Finder is currently reprocessing 3D seismic data to derisk the significant Fulmar Formation prospectivity and unlock the Lower Cretaceous play within the licence.
• Multiple host tie-back options as well as stand-alone development potential.

P2528

Basin: South Halibut Basin – Peterhead Graben
Area: 454 km²
Water Depth: ~110 metres
Status: Seaward Production “Innovate” Licence – Phase A
Interests: Finder Energy (60%, Permit Administrator), Dana Petroleum (E&P) Limited (40%)

Highlights:

• The Whitsun Prospect is a large Upper Jurassic stratigraphic trap on trend with the giant Buzzard Field.
• Finder is currently reprocessing 3D seismic data covering Peterhead Graben and Buzzard fairway.
• Potential to tie back discoveries to the Buzzard facilities.

P2527

Basin: Ettrick Basin, Outer Moray Firth
Area: 110 km²
Water Depth: ~100 metres
Status: Seaward Production “Innovate” Licence – Phase A
Interests: Finder Energy (60%, Permit Administrator), Dana Petroleum (E&P) Limited (40%)

Highlights

• Surrounded to the west by the giant Buzzard oil field and the east by the Ettrick and Blackbird oil fields, a number of Upper Jurassic prospects have been identified.
• Finder is currently reprocessing 3D seismic data covering the licence and is looking to advance our understanding of the prospects.  Potential to tie back discoveries to the Buzzard facilities. 

LEADERSHIP / CONTACT

Bronwyn Barnes Independent Non-Executive Chairman
Damon Neaves Managing Director and Chief Executive Officer
Shane Westlake Technical Director
Aaron Bond Exploration Manager
Anthony Benino Company Secretary and Chief Financial Officer
Fred Wehr Independent Non-executive Director

Finder Energy
Suite 1, Level 4 South Shore Centre
85 South Perth Esplanade
South Perth, WA 6151

Tel: +61 8 9327 0100
Email: info@finderenergy.com

KeyFacts Energy: Finder Energy UK country profile   l   Finder Exploration Australia country profile