Baker Hughes, a GE company (BHGE), is to provide “groundbreaking” fullstream support for a project offshore of Papua New Guinea.
The Pasca A gas-condensate field is located in the Gulf of Papua and is the first offshore oil and gas development in the region with a an estimated resource of 93 million barrels of oil equivalent (mmboe).
The Twinza-BHGE fullstream agreement – an industry first – 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 in the next three months.
It will then be suspended as a future development well, with the final investment decision (FID) 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.
As part of the package, BHGE was also able to bring its expertise to offer a financial solution to enable Twinza to complete appraisal drilling and proceed to FID.
Lorenzo Simonelli, president and chief executive of BHGE said: “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.”
Huw Evans, chief executive of Twinza, added: “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.
“With its fullstream capabilities, BHGE was able to propose a fully integrated services and equipment offering using a modular state of the art approach, high tech solutions and systems that ‘talk to each other’ for optimization.
“This greatly synergizes the execution of the project while reducing the integration risk if we had engaged several vendors for similar services and equipment.”
Pasca is the first offshore oil and gas development in PNG that will produce natural gas liquids (NGLs) in the form of condensate (a light crude oil) and LPG.
It will also produce natural gas.
Twinza holds 100% of the Pasca A License and has submitted a development plan for the field that will produce the resource across two phases.
Phase I consists of the initial production of natural gas liquids (NGLs), including condensate and LPG, with reinjection of dry gas ahead of Phase II.
During Phase II, dry gas will be exported.
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