29th May, 2024
MRDC and Twinza are pleased to announce that they have executed agreements for: MRDC to acquire an up to 50% Participating Interest in Twinza’s Pasca A Project; and, MRDC and Twinza to cooperate in the acquisition and development of future oil and gas opportunities in Papua New Guinea.
Read More29th March, 2023
Twinza is pleased to announce that it has completed two new major reservoir assessments for the Pasca A field. An updated independent assessment of the Pasca A hydrocarbon resources has confirmed a total resource increase of 35%, and an independent assessment validates the potential for sequestration of up to 200 million tonnes of carbon dioxide. The studies were completed by Twinza’s technical team and independent assessments have been prepared by Gaffney, Cline & Associates.
Read More24th December, 2021
Twinza announces the appointment of Robert Gard as the new Chief Executive Officer for the company.
Read More30th September, 2021
Twinza is pleased to announce that effective today, Stephen Quantrill has been appointed as Chairman of the Board.
Read More29th July, 2021
The Pasca A Gas Agreement will not be signed today on 29 July 2021 as announced and the company awaits a formal communication from the State on the way forward.
Read More15th January, 2021
Twinza's new director, Erick Kowa, shares his views on what Pasca A means for PNG and the future.
Read More15th January, 2021
Twinza has appointed Erick Kowa to the Board of the Company effective 1 February 2021. Mr Kowa will move from his role of Gas Project Development Manager where he has most recently been co-lead of the negotiating team for the Pasca A Gas Agreement.
Read More25th September, 2020
Twinza notes the media release, 24th September 2020, from the office of the Prime Minister of Papua New Guinea, the Hon. James Marape, regarding the Pasca A Gas Agreement. Twinza can confirm that non-binding terms were agreed between the State Negotiating Team and Twinza on 13th September 2020 which met the State’s objectives.
Read More4th September, 2020
Twinza has entered into a Memorandum of Agreement (MOA) with the Gulf Provincial Government of Papua New Guinea. The agreement, that was signed by the Governor of Gulf Province, Hon. Chris Haiveta MP and Ian Munro, Chairman and CEO of Twinza Oil, establishes a co-operative relationship between the parties that can deliver material benefits to the province and the country.
Read More14th July, 2020
The State of Papua New Guinea has commenced negotiations with Twinza on the fiscal terms for the Pasca A gas-condensate field in the Gulf of Papua. The Government is represented in the discussions by the State Negotiating Team, with members from key selected agencies.
Read More18th May, 2020
Twinza announces that the National Executive Council has endorsed the submission for development of the Pasca A gas-condensate field in the Gulf of Papua. The Government is ready to commence negotiations on the Gas Agreement in the near term, setting out the fiscal terms to allow the Project to enter the FEED phase later this year.
Read More27th September, 2019
Twinza Oil announces that the Ministerial Determination for the Pasca A project has been signed by the Petroleum Minister, Mr Kerenga Kua, giving a green light for the development to proceed. The Pasca A project will be the first offshore field development in Papua New Guinea.
Read More20th September, 2019
Twinza Oil (PNG) Ltd invites Papua New Guinea incorporated, or owned, firms, contractors and service providers to submit their company's expression of interest with a view to providing required services for the Pasca A offshore facilities and onshore base.
Read More15th September, 2017
Twinza has offloaded the COSL Seeker jack-up drilling rig at Port Moresby. The Pasca A4 well will appraise the Pasca A gas-condensate field discovery.
Read More11th August, 2016
Pasca A Environmental Impact Statement Executive Summary for download.
Read More22nd July, 2015
Twinza Oil Ltd submitted an application for a Petroleum Development Licence (PDL) to the Department of Petroleum and Energy on the 30th June 2015.
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