Fossil Energy – Papua New Guinea
Australian independent Twinza Oil is all set to proceed with front-end engineering and design (FEED) for the first phase one of its Pasca A gas condensate development offshore Papua New Guinea.
The company proceeds as soon as it receives the remaining regulatory approvals including for its Petroleum Development Licence (PDL) application.
“Twinza has complied with all laws, regulations and information requests since entering PNG in 2011 and stands ready to proceed with Pasca Phase 1 FEED as soon as the outstanding regulatory approvals are granted,” said executive chairman Stephen Quantrill.
Pasca A will be developed in two phases, starting with the production of about 200,000 tonnes per annum of liquid petroleum gas (LPG) for the domestic market with exploitation of the gas to follow via a floating liquefied natural gas facility.
Gas produced alongside the hydrocarbon liquids during phase one will be reinjected, Twinza has said.