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

13/01/2021

Kumul Petroleum awards design and development Contracts of FSRP facility

Kumul Petroleum Holdings Limited (Kumul Petroleum) has awarded two contracts to design a...

Continue Reading

27/10/2020

Kumul Petroleum fulfils commitment with the delivery of ventilators to Port Moresby General Hospital

Papua New Guinea’s national oil and gas company has today presented six ventilators ...

Continue Reading

17/09/2020

CONGRATULATIONS PAPUA NEW GUINEA on your CELEBRATING 45 YEARS OF INDEPENDENCE

 

" The Board, Management and Staff of Kumul Petroleum Holding's Limited (Kumul Petroleum) congratula...

Continue Reading

02/09/2020

Kumul Petroleum donates K1 million to support establishment of Mendi Hospital Kidney Dialysis Unit

Today, Mendi Provincial Hospital receives a donation of K1 million from Kumul Petroleum Ho...

Continue Reading