Sunda Energy PLC (AIM:SNDA) CEO Andy Butler talked with Proactive's Stephen Gunnion about the latest developments surrounding the company's Chuditch gas project in the Timor Sea. Butler confirmed that logistical challenges have delayed the Chuditch-2 drilling operations into 2026. Specifically, the delay was caused by the unavailability of helicopters capable of supporting offshore operations 200 nautical miles from Timor-Leste.
Butler explained, "Despite the best endeavours and assurances, [the supplier was] unable to find helicopters that were sufficiently in range to service the operation." This logistical setback came just as Sunda Energy was prepared to sign a rig contract following shareholder approval of funding arrangements.
The CEO also addressed the lapsed farm-in agreement with TIMOR GAP, noting ongoing discussions and potential for renegotiation. Butler said, "We do see quite a lot of interest. I'm confident that we have, between existing discussions and other interests, that we will find a way forward."
On a positive note, Butler highlighted improvements in the rig market, stating that rig availability and pricing have become more favourable, allowing Sunda Energy to potentially secure more modern and efficient drilling rigs for 2026.
Beyond Timor-Leste, Butler shared updates on Sunda Energy’s applications for two exploration blocks in the Philippines, which are now awaiting presidential approval.
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