Gulf welcomes Philippines company

 GULF government has welcomed an offshore oil project in the province to be operated by Philippine-based company, Twinza Oil Ltd. 

Provincial administrator Mark Avai said the province welcomed another of the petroleum projects to be developed in the province. 

Gulf will be the host province for the Papua LNG project to be operated by French company, Total.  

Twinza will be operating the project in partnership with Petromin PNG Holdings Ltd through its wholly owned subsidiary, Eda Oil Ltd. “Let me commend Twinza and partner for a job well done,” Avai said during announcement of the project in Port Moresby recently. 

“At the provincial level, and as head of the province, we are ready to give all the support that we can from the province to ensure that this project progress.”

Twinza chief executive Huw Evans said the company’s total investment to full production would be US$500 million (K1.38bn).

“The concept is to put a platform offshore and that’s the basis of our PDL (petroleum development application) application which has been submitted with the department (Petroleum and Energy),” Evans said.

“Bring the gas and liquid to surface and separate the condensate, take out the other gas liquids and store those and re-inject the gas into the reservoir until the gas market is available.

“It (project) will have small number of people on, maybe 30/40 people. 

“It’s not going to be a big employer like we’ve seen onshore with the LNG projects.”