Kumul Petroleum logo

PROMOTING EXCELLENCE FOR BENEFITING

PAPUA NEW GUINEA FOR NOW AND INTO THE FUTURE

Promoting Excellence for Benefiting Papua New Guinea for now and into the future

Kumul Petroleum Holdings Limited (KPHL) is Papua New Guinea’s national oil and gas company (NOC). The NOC was created by an Act of Parliament through the Kumul Petroleum Holdings Limited Authorization Act 2015 which replaced NPCP Holdings Limited.

Through Kumul Petroleum Authorization Act 2015, KPHL is mandated to protect and maximize the value of the Country’s petroleum assets so that it can contribute to the maximum wealth for the people of Papua New Guinea.

Since its inception in 2009 as NPCP Holdings, the NOC was operating as a commercial entity with its core commercial interest being its participation in the PNG LNG Project.

KPHL is currently responsible for managing the State’s 16.57% equity in the US$19 billion PNG LNG Project through its subsidiary Kumul Petroleum (PNG LNG) Limited; becoming the 3rd largest partner in the largest single investment made by the nation to date.

KPHL has great potential to grow as a National Oil and Gas Company (NOC) because PNG has high oil and gas resources and largely because KPHL is the legislated State nominee and can always exercise its option for a 20.5% stake in every project.

Consistent with its vision, KPHL will continue to create value and opportunity for PNG and its people by becoming a major national oil and gas corporation.

This means "creating wealth and opportunities for Papua New Guinea now and into the future".

Kumul Petroleum Holdings Limited Authorisation Act 2015 (912kb)

Latest PNG Oil News

Crude Oil (WTI)

Getting data... News Preloader

Last updated: 05:37 PM EST 17/05/2017


Loading Latest News ...

News Preloader

Kumul Petroleum Projects

PNG LNG Project

Kumul Petroleum is the State's nominee in the ExxonMobil operated PNG LNG Project (the "Project") in accordance with the Oil & Gas Act 1998...

Read More

Licence Interests

Project or Petroleum Development Licence, Petroleum Retention Licences ...

Read More

Port Moresby Gas Supply Project

Kumul Petroleum, together with its partners, is leading a commercial project to purchase gas from the PNG LNG Project and supply the gas to PNG Power ...

Read More

Hides Gas To Electricity

Through its co-ownership in PDL 1, Kumul Petroleum together with the PDL 1 partners, jointly sell gas to the Oil Search wholly-owned ...

Read More

Company News

16/06/2021

KUMUL PETROLEUM ANNOUNCES NAMING RIGHTS SPONSORSHIP FOR NATIONAL SCHOOLS CONFEDERATION AND NATIONAL CHAMPIONSHIPS

The National Schools Rugby League (NSRL) received a huge boost today, when PNG’s National Oil & Gas Company...

Continue Reading

16/06/2021

NEW NATIONAL SCHOOLS RUGBY LEAGUE PROGRAM EXECUTIVE MANAGEMENT BOARD CHAIRMAN NAMED

Papua New Guinea Rugby Football League (PNGRFL) Chairman Sandis Tsaka has announced the appointment of Professor Dr B...

Continue Reading

09/06/2021

Kumul Petroleum presents Toyota Hilux 4WD Ute to support ANGAU National Cancer Services

Kumul Petroleum Holdings Limited (Kumul Petroleum) signed a Memorandum of Agreement (MOA) ...

Continue Reading

03/06/2021

Kumul Petroleum donates emergency medical equipment to Nonga Base Hospital

Kumul Petroleum Holdings Limited (Kumul Petroleum) continues to keep its commitment to sup...

Continue Reading