Twinza Appoints New Non-Executive Director

Twinza has appointed Erick Kowa to the Board of the Company effective 1^st February 2021. Mr Kowa will move from his existing role of Gas Project Development Manager where he has most recently been co-lead of the Twinza all-Papua New Guinean negotiating team for the Pasca A Gas Agreement. 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, the Hon. Kerenga Kua. Following approval of the Gas Agreement, Twinza will announce the move in to the Front End Engineering and Design phase of the Pasca A Project to deliver PNG’s first offshore oil and gas production.

Twinza Chairman and CEO Ian Munro stated that,

“The Board was delighted to welcome Erick as a Director, which recognises his deep understanding of the oil and gas industry and strong relationships with stakeholders in PNG and the broader Asian region. Now that the Pasca A Gas Agreement is essentially complete and waiting final sign-off, which is expected in the near term, it is appropriate that the Company strengthens the Board in the run-up to the Final Investment Decision for the Project in 2022. With the strong Government support that we have seen we would expect that Pasca A will be in production by 2025 and will open up the Gulf of Papua for further development through aggregation of discovered fields via the Pasca A facilities.”