(WO) — Sunda Vitality expects to finish its acquisition of manufacturing property in New Zealand’s Taranaki basin in September, whereas persevering with to judge subsequent steps for its Chuditch fuel venture in Timor-Leste.
The corporate mentioned regulatory approval for the acquisition of Matahio NZ stays in progress following discussions with New Zealand Petroleum and Minerals. Sunda signed the settlement in April to accumulate the enterprise, which owns pursuits in 4 petroleum mining permits and one exploration allow on New Zealand’s North Island.
A joint transition staff has been established to supervise operational integration forward of closing, with Sunda now receiving common updates on manufacturing, operations, HSE and monetary efficiency.
The acquired property averaged 1,036 boed through the first 5 months of 2026, with full-year manufacturing forecast to common roughly 1,052 boed. Sunda mentioned crude gross sales throughout 2026 have benefited from stronger oil costs, contributing to revenues above long-term averages.
The corporate additionally mentioned it has not drawn on the second tranche of financing organized for the acquisition, citing stronger-than-expected money circulate from the New Zealand property. Sunda will proceed evaluating whether or not extra funding will probably be required earlier than the transaction closes.
In Timor-Leste, Sunda confirmed it has held discussions with the nation’s upstream regulator and state accomplice TIMOR GAP following the current discover of intention to terminate the Chuditch manufacturing sharing contract. The corporate mentioned it’s assessing its choices, together with proceed with the deliberate Chuditch-2 appraisal effectively.
Individually, Sunda mentioned technical research proceed on its non-operated pursuits in Service Contracts SC 80 and SC 81 offshore the Philippines, the place operator Tetragon Vitality and its companions proceed to judge exploration potential.
