Twinza, PNG to Discuss Pasca A Field Development
Asia-Pacific focused explorer Twinza May 18 said that the Papua New Guinea (PNG) government is ready to start talks on the development of the Pasca A gas-condensate field in the Gulf of Papua.
“The government is ready to commence negotiations with Twinza on the gas agreement in the near term, setting out the fiscal terms to allow the project to enter the front end engineering and design phase later this year,” it said.
PNG prime minister, James Marape, recently said that the National Executive Council has endorsed the submission for development of the Pasca A field.
Twinza expects Pasca A to become a critical piece of infrastructure in the Gulf of Papua that will enable the timely development of other discoveries that can utilise spare capacity at the facilities. “Several offshore discoveries can potentially be regarded as commercial if they are aggregated through a Pasca infrastructure ‘hub’,” it said.