View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Market Data
November 23, 2021updated 28 Apr 2022 5:44am

Pasca Phase II Conventional Gas Field, Papua New Guinea

By Carmen

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 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 2045.


Remaining recoverable reserves

The field is expected to recover 56.5 Mmboe, comprised of 338.97 bcf of liquid natural gas reserves.


Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Offshore Technology