“Twinza has complied with all laws, regulations and information requests since entering PNG in 2011 and stands ready to proceed with Pasca Phase 1 FEED as soon as the outstanding regulatory approvals are granted,” said executive chairman Stephen Quantrill.

Pasca A will be developed in two phases, starting with the production of about 200,000 tonnes per annum of liquid petroleum gas (LPG) for the domestic market with exploitation of the gas to follow via a floating liquefied natural gas facility.

Gas produced alongside the hydrocarbon liquids during phase one will be reinjected, Twinza has said.

Resources upgrade

The upbeat operator confirmed that Pasca A’s total estimated resource has increased by 35% since the 2018 assessment following studies by its technical team and an independent assessment by Gaffney, Cline & Associates.

Updated estimates including contingent best estimate resources are 167 million barrels of oil equivalent including 464 billion cubic feet of LNG feed gas, 47 million barrels of condensate and 43 million barrels of LPG. These resources will likely be classified as 2P reserves after the PDL is awarded.