Finder Energy has announced plans to send the Petrojarl I floating production, storage and offloading vessel to a shipyard in early 2027, ahead of its planned redeployment on a project in Timor-Leste.

A Vessel With History

The Petrojarl I is among the most recognized FPSOs in the offshore oil and gas industry, having accumulated decades of operational history since its original deployment.

The vessel, which was berthing in Tenerife, is now set to enter a new chapter under the direction of Finder Energy as the company pursues development opportunities in the waters of Timor-Leste.

The shipyard mobilization is being planned for the early part of 2027, positioning the FPSO for eventual redeployment on the Timor-Leste project following the completion of that yard period.

Finder Energy's Timor-Leste Ambitions

Finder Energy is the company driving the redeployment plans for the Petrojarl I, with the vessel intended to serve a project located in Timor-Leste. The Southeast Asian nation, which shares maritime boundaries with Australia in the Timor Sea, has been the focus of ongoing upstream development interest as it seeks to expand its oil and gas production capacity.

The specific details of the Timor-Leste project for which the Petrojarl I is being readied have not been disclosed beyond the confirmation that the FPSO is earmarked for redeployment in connection with activity there. The shipyard call planned for early 2027 would precede the vessel's operational deployment on that project.

Shipyard Preparation

Sending an FPSO to a shipyard prior to redeployment on a new project is standard practice in the offshore industry, typically involving inspection, refurbishment, and modification work to ready the vessel for its next assignment.

The Petrojarl I's planned shipyard period in early 2027 follows this pattern, though no specific shipyard location or the scope of works planned for that period has been identified in the available information.

The timing of the shipyard visit, set for early 2027, provides a window that would allow for the vessel to be prepared and subsequently mobilized toward Timor-Leste for its redeployment.