The Pasca A underwater gas field will supply the domestic market of PNG with liquefied petroleum gas (LPG) over a 20 year life span.
According to the developer, Twinza Oil Limited’s Environmental Impact Statement (EIS), the propane strand of the LPG will supply PNG markets for the duration of the project, while other strands will feed regional markets.
The Pasca A gas field is located approximately 85km from the nearest coastline and 265km west of Port Moresby in Petroleum Prospecting License (PPL) 328.
Twinza says it is in relatively shallow water (approximately 93m depth) with a highly productive reservoir, allowing for cost effective field development using industry standard, proven and modern technology.
The field contains a wet gas that will be extracted and processed into condensate, liquefied petroleum gas (LPG) and dehydrated gas.
The project will see an estimated 19.1 million barrels of condensate and 20.1 million barrels of LPG supplied to domestic and regional markets.
The propane stream of LPG will supply the Papua New Guinea domestic market while the condensate, butane and surplus propane fractions will be exported.
The underwater gas field is one of a number of undeveloped gas fields within the Papua Basin in the Gulf of Papua.
Twinza says the project will be PNG’s first offshore field development, bringing stranded gas resources discovered 47 years ago into production.