Kumul Petroleum Holdings Limited recently closed an agreement with American energy company Chevron USA Inc (Singapore Branch) that will further KPHL’s goal of acquiring additional equity in the PNG LNG Project in Papua New Guinea. In September 2023, Santos announced a binding sale agreement to deliver Kumul a 2.6 per cent participating interest in the…
Kumul Petroleum Holdings Limited has just finalised its acquisition of additional equity in the PNG LNG Project from Santos Limited. KPHL managing director Wapu Sonk explains, “Under our agreement with Santos we made a part payment of US$352 million earlier this year, with the balance to be paid by December 2024, and we have just…
On Monday 28 October the PNG Kumuls team and coaching staff visited the office of one the team’s major sponsor’s – Kumul Petroleum Holdings Limited. Since the company work force now numbers in excess of 100 individuals the various floors of the office interacted with team members in rotation, bringing their favourite items of Kumuls…
On the sidelines of the 2024 Petroleum & Energy Conference today, Kumul Petroleum Holdings Limited Managing director, Wapu Sonk signed a Pre-Front-End Engineering & Development (FEED) contract for a Floating LNG (FLNG) facility in the Gulf of Papua, in PNG. Mr Sonk announced that this important contract had been awarded to Shanghai Wison Offshore &…
In a recent press conference Petroleum & Energy Minister Thomas Opa reminded the public that the 2024 PNG Petroleum and Energy Conference later in October will promote investment opportunities in PNG, while also discussing the country’s transition to a greener energy future. The event is being hosted by Kumul Petroleum Holdings Limited, whose managing director,…
Nestled in the middle of the Markham valley grasslands the Wawin Centre of Excellence is one of only six National High Schools with this moniker in the country, sitting alongside those at Sogeri, Aiyura, Passam, Kerevat, and Port Moresby. Addressing this year’s graduation of Year 12 students was Kumul Petroleum Holdings Corporate Secretary, Ms Dianne…
Yesterday, 24 September Prime Minister Marape officially commissioned the new Catheterization Laboratory, in the National Heart Centre at Port Moresby General Hospital. At the commissioning ceremony, KPHL managing director Mr Wapu Sonk noted, “this is the culmination of many years of support to the facility by Kumul Petroleum, who committed K50 million over five years,…
People living in villages near remote Teapopo, on the Fly River will no longer have to travel for hours to Daru or Balimo to seek basic medical services after Kumul Petroleum joined with the provincial government and opened a newly constructed health centre. The opening was officiated by Kumul Petroleum’s external affairs executive general manager,…
At the end of August seventeen ExxonMobil trainees graduated in a ceremony held at the Kumul Petroleum Academy at Idubada. The trainees had completed a one-year full time course and achieved City and Guilds certification in their studied discipline. Eleven trainees received their certificate in plant process operation and six with certification as instrument maintenance…
Today Kumul Petroleum Holdings awarded a contract to OilMin Holdings Limited to carry out seismic work in two petroleum retention licences where KPHL is the operator. General Manager, Fintan Lalor, signed the contract on behalf of OilMin. Kumul Petroleum managing director, Wapu Sonk, said,”This contract award is the next step in our management of the…