After initial explorations 17 years ago, Papua New Guinea is set to witness the operation of the first offshore gas project.
Recently the first condensed gas was released and flared outside the waters of Gulf Province.
Developer Twinza Oil Limited says the project is at a tune of K250 million kina. Speaking after the visitation, Mr Evans says the project has come a long way to have the first gas flared.
Known as the “Pasca A4” drilling post, it will provide the first offshore oil and gas development infrastructure in the country.
It will produce natural gas liquids (NGLs) in the form of condensate and LPG. Phase I consists of the initial production of natural gas liquids (NGLs), including condensate and LPG, with reinjection of dry gas ahead of Phase II. During Phase II, dry gas will be exported
The Gulf Provincial Government will be a key stakeholder in the project. Governor Chris Haiveta says more discussion will be established so Gulf people benefit. The National Government has welcomed the investment by Twinza Oil Limited.
The project site was recently visited by a VIP delegation including Petroleum and Energy Minister Fabian Pok, Twinza CEO Hue Evans and other senior officers in the Gas Industry.
Twinza Oil Limited is an Australian registered, oil and gas Company in the Asia-Pacific region. It is an established upstream onshore and offshore operator.