Senior Kumul Petroleum Holdings technical staff are attending the annual Wison Technology Seminar, currently being held in Shanghai, China.
This year the event has attracted more than 160 delegates from all over the world, along with internationally recognised industry presenters who covered a range of technologies related to matters that almost all industries have to embrace in their efforts to achieve Nett Zero CO2 emissions.
Kumul Petroleum attendees were technocrats Kila Pidi, Jason Pollock, Olton Peter, Pyaso Yobone, George Karingal and Brian Hosea from the company’s operations team. They gained an insight into topics such as carbon capture technology, carbon pricing, energy transition, electric LNG technology and the economics of electrification and Floating LNG.
Discussion topics at the conference also included how the transition from using solid and liquid hydrocarbon fuels for electricity generation to renewable, but intermittent, energy sources such as wind and solar would require the use of LNG, a resource that PNG has no shortage of at present.
The KPHL team also visited the Wison Nantong shipyard and completed a kick-off meeting with Wison in relation to the Pre-FEED Floating LNG study that was awarded to the company in October this year.
Kumul Petroleum is progressing its planning for the possible commercialisation of ‘stranded’ gas fields in the four petroleum retention licences that it operates. The outcomes of KPHL’s current seismic campaign and pending Floating LNG study are important components that will contribute to de-risking this development, improving the commerciality and the monetisation of these important national resources.