Baker Hughes, a GE company (BHGE) has been awarded service contract by Twinza Oil for the Pasca A gas-condensate field located offshore Papua New Guinea (PNG).
The Pasca A gas-condensate field is the first offshore oil and gas development in PNG with a resource currently assessed at 93 million barrels of oil equivalent (mmboe).
The fullstream agreement covers services and equipment during Phase I of the Pasca A field development, including drilling services, wellheads and pressure control equipment for the fourth and final appraisal well.
The appraisal well will be drilled in 3Q 2017, which will be suspended as a future development well, and the final investment decision (FID) to proceed to development is expected in 2018. Post FID, BHGE expects to provide an integrated gas processing solution from the wells through to point of export.
The fullstream offering includes a wide range of capabilities in drilling services, subsea equipment, gas processing topsides, gas compression and turbomachinery as well as installation and commissioning services.
Lorenzo Simonelli, president and CEO of BHGE said: “BHGE’s competitive advantage is its ability to serve customers across the entire oil and gas value chain, providing cutting-edge technology and proven expertise to maximize customers’ business profitability. This project with Twinza is one of the first times we can truly show the value of combining our legacy strength into one unique fullstream offering.”
“Having a single point of contact and a complete offering for a complex project was one of the key reasons why we partnered with BHGE,” said Huw Evans, CEO of Twinza.
Twinza holds 100 per cent of the Pasca A License and has submitted a development plan for the field that will produce the resource across two phases.