Papua New Guinea is on track to become an offshore gas producer before the end of the decade, thanks to Twinza’s Pasca A project. There are also hopes of large offshore oil discoveries, with two separate drilling campaigns being planned in a prospective new offshore basin.
Business leaders are not quite ready to call it, but there are promising signs as Papua New Guinea celebrates its 50th anniversary of independence. Business Advantage PNG spoke with the country’s top CEOs to learn more about current business conditions.
Twinza and the PNG Government signed the Gas Agreement for Pasca A last December. In this exclusive interview, Twinza’s Stephen Quantrill explains why he believes his firm now has enough certainty to prepare for FID.
The Business Advantage PNG editorial team was among the delegates at the 2024 Papua New Guinea Investment Week (formerly the Papua New Guinea Resources & Energy Investment Conference) in Sydney, held from December 8-11. Here are our top five takeaways from the event.
Looking back over the history of resources development in Papua New Guinea, the need for patience and persistence is clear.
Last month, Twinza and Mineral Resources Development Corporation signed agreements which will see MRDC acquire a major stake in Pasca A, Papua New Guinea’s first offshore gas project. Twinza Executive Chairman Stephen Quantrill tells Business Advantage PNG the deal also paves the way for further cooperation.
James Marape, PNG’s Prime Minister, speaks exclusively about PNG’s next decade of economic growth, which he describes as potentially the most exciting in the nation’s history.
State-owned oil and gas company Kumul Petroleum has been gradually acquiring licences to some of Papua New Guinea’s smaller and ‘stranded’ gas assets. Managing Director Wapu Sonk explains the strategy behind the move to Business Advantage PNG.
Papua LNG project to inject billions to Papua New Guinea’s economy, Prime Minister Marape welcomes Fortescue Future Industries representative to Port Moresby and the Pacific Marine Industrial Zone Project (PMIZ) will be rebranded.
Business Advantage PNG looks to the year ahead and considers what Papua New Guinea-focused businesses can expect in the coming 12 months.
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