Media Releases

25th September, 2020

State and Twinza Agree Terms for Pasca A Gas Agreement

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.

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4th September, 2020

Co-operation Agreement With Gulf Provincial Government

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.

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14th July, 2020

Gas Agreement Discussion Commenced for the Pasca A Development

The State of Papua New Guinea has commenced negotiations with Twinza on the fiscal terms that will apply to the development of 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. Twinza is also looking forward to addressing with the SNT important non-fiscal opportunities, including domestic market commitment, third-party access to facilities and national content. These matters are differentiated from land-based projects as the Pasca A field is planned to be the first offshore development in PNG.

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18th May, 2020

PNG Government and Twinza to Commence Gas Agreement Discussions Ahead of FEED Entry for the Pasca A Development

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.

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27th September, 2019

Ministerial Determination Signals Green Light for Pasca A Project

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.

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20th September, 2019

Invitation to Submit Expressions of Interest

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.

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15th September, 2017

Pasca A4 Rig Offloaded at Port Moresby

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.

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11th August, 2016

Pasca A Environmental Impact Statement

Pasca A Environmental Impact Statement Executive Summary for download.

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22nd July, 2015

Pasca A Petroleum Development License Application

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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