📋 Tender Overview
Scope :
Pasca Phase II is a conventional gas development located in shallow water in Papua New Guinea and is operated by Twinza Oil (PNG). Pasca Phase II lies in block APDL 14, with water depth of around 308 feet.
The project is currently in approval stage and is expected to start commercial production in 2029. The development cost is expected to be $790 m. The Pasca Phase II conventional gas development will involve the drilling of approximately three wells and includes FLNG.
Field participation details
The field is owned by Twinza Oil and Kumul Petroleum Holdings. Production from the Pasca Phase II conventional gas development project is expected to begin in 2029 and is forecast to peak in 2030, Based on economic assumptions, the production will continue until the field reaches its economic limit in 2045. The field is expected to recover 56.5 Mmboe, comprised of 338.97 bcf of liquid natural gas reserves.
