Media Releases

24th August, 2021

Pasca A Gas Agreement Yet To Be Finalised Despite Instructions From The Minister For Petroleum

The deadline to finalise drafting of the Pasca A Gas Agreement has expired without the State Negotiation Team making themselves available to meet with Twinza.

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9th August, 2021

PNG State Not Honouring Terms in Pasca A Gas Agreement which were Announced by Prime Minister 13th July 2021

After a month of silence the SNT Chairman returned an extensive mark-up of the agreement that bears no resemblance to the agreement of the 6th July 2021.

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6th August, 2021

Update on Pandora License Application

Twinza is awaiting a decision from the Minister for Petroleum concerning the Pandora license application ahead of the Pasca A Gas Agreement signing.

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5th August, 2021

Pasca A Gas Agreement Signing Update

Twinza has yet to receive any formal communication from the State and remains hopeful that the agreement, that was finalised on the 6th July 2021, can be signed and that the Pasca A Project can move ahead.

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29th July, 2021

Pasca A Gas Agreement Signing Update

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.

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2nd June, 2021

Twinza Awaiting Response from Petroleum Minister

Twinza notes the comments regarding the Pasca A Gas Agreement made by the Petroleum Minister in a media release of 25th May 2021, and is currently awaiting a response as to whether the terms offered are acceptable.

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19th April, 2021

PNG Government Changing Terms Ahead of Pasca A Gas Agreement Signing

The PNG Government has increased its demands from the Pasca A Gas Agreement ahead of signing. These demands would make the Pasca A Project unfinanceable.

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15th January, 2021

Q&A With Erick Kowa

Twinza's new director, Erick Kowa, shares his views on what Pasca A means for PNG and the future.

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15th January, 2021

Twinza Appoints New Non-Executive Director

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.

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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 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.

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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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