Pasca Phase II is a conventional gas development located in shallow water in Papua New Guinea and is operated by Twinza Oil (PNG). According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, lies in block APDL 14, with water depth of around 308 feet. Buy the profile here.
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 Kumul Petroleum Holdings and Twinza Oil.
Production from Pasca Phase II
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 2046.
Remaining recoverable reserves
The field is expected to recover 56.74 Mmboe, comprised of 340.46 bcf of liquid natural gas reserves.
For more details on the Pasca Phase II Conventional Gas Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
