Twinza Oil as developer of the Pasca A gas project located about 100km south of Gulf Province and in the ocean will not be paying any benefits to landowners.
“There are no affected project area landowners for Pasca A APDL 14 license area to receive equity and royalty benefits,” a ministerial determination gazette says.
The gazette notice was made on August 30, 2019 and took effect immediately. It was published today in the newspaper.
“I, Minister for Petroleum, Hon Kerenga Kua, MP by virtue of section 169 of the oil and gas act 1998 (as amended) and all the powers enabling me hereby make the following determination on the Pasca A APDL 14 license area as determined herein.”
“Having receiving and considered results of social mapping and landowners identification studies carried out under S.47 of the Oil and Gas Act 1998 (as amended) make the following determination,” the gazette said.
If the government exercises its right to back-in at shareholding, the resulting working interest among the parties in the project would be Twinza (77.5%) and Government Nominee (22.5%).
This is according to Twinza Oil’s website.
A week ago there was a National Oceans Forum and Secretary for the Department of Justice and Attorney General Dr Eric Kwa singled out the Pasca A project and the discontinued Solwara 1 project in New Ireland as lessons for the country not having an oceans policy to pass laws, guide negotiations and settlement on ownership and benefits of marine resources.
His department is now working on developing a national oceans policy.