Twinza prepares for activities while awaiting regulators, license

TWINZA Oil (PNG) Ltd is preparing to start front-end engineering and design activities soon after final regulatory steps are concluded and their petroleum development licence has been granted.
The Pasca LNG project operator said in anticipation, they (Twinza) had begun seeking expressions of interest from PNG vendors to participate in the project.
This follows Petroleum Minister Kerenga Kua’s decision in August to allow the Pasca A project to proceed with their investment in the first off-shore developments in the country.
“The ministerial determination is the first milestone in a series of regulatory steps that are now expected to take place in the months ahead and should culminate in the grant to Twinza Oil of a petroleum development licence (PDL) for the Pasca A field,” the company said in a statement.
“Twinza has been working diligently with the Petroleum department over the past several years to reach this point and looks forward to establishing the first offshore production in Papua New Guinea’s history in the not too distant future.”
The commitment and positive progress achieved by Twinza Oil and the department in ensuring that the appropriate precedent is responsibly set for future oil and gas developments that may follow in Pasca A’s footsteps was recognised by Minister Kua, who commended the developer for their confidence in investing over the years since 2011 and meeting all the requirements of the Oil and Gas Act of PNG.