The Gas Agreement was finalised toward the end of last year and is awaiting formal presentation to the National Executive Council by the Petroleum Minister, Kerenga Kua.
Once approved Twinza Oil will announce the FEED phase of PNG’s first offshore oil and gas production.
Meanwhile Twinza has appointed Erick Kowa to the Board of the Company effective 1 February 2021.
Kowa moves from his existing role of Gas Project Development Manager where he was co-lead of the Twinza all-Papua New Guinean negotiating team for the Pasca A Gas Agreement.
