– Kumul Petroleum Holdings Limited, the national petroleum and energy company has just finished its seismic programme on the Kimu and Barikewa licences where it is the operator. Kumul Petroleum Managing Director, Wapu Sonk said,” On Wednesday 26th of March we shot the last hole on a seismic line in the Kimu licence and camp…
Kumul Petroleum Holdings Limited, the national petroleum and energy company, today officially opened the brachytherapy treatment service at the ANGAU Memorial Hospital in Lae. Kumul Petroleum Managing Director, Wapu Sonk said the company’s focus on restoring cancer treatment services at the ANGAU Memorial Hospital is in line with the company’s mission, which is to use…
Four Jet A1 fuel storage tanks are gradually rising above the ground at the a site adjacent to the Motukea international wharf. The construction work by Kumul Petroleum Holdings Limited is part of their commitment to provide a long-term solution to critical fuel suuply in Port Moresby and PNG and ensure that fuel supply crises…
KPHL has just this month started gathering seismic data in its Barikewa petroleum retention licence in Gulf Province. Kumul Petroleum Managing Director, Wapu Sonk explained, “Our contractor, OM Holdings Limited or OilMin, has for the last few months been engaged in landowner engagement, building camps, helipads and bridging, drilling holes for explosive charges, and laying…
Managing director of Kumul Consolidated Holdings Professor David Kavanamur met Kumul Petroleum’s managing director, Wapu Sonk together with his project management team to tour the fuel storage facility being constructed at Motukea, adjacent to the port, to address the fuel shortage issues the country has been experiencing. KPHL is constructing infrastructure for the import and…
Kumul Petroleum Holdings Limited managing director, Wapu Sonk, today handed over a cheque of K150 million to the State Owned Enterprises Minister Hon. William Duma, as final dividend payment for the year. Mr Sonk said, “This has been a tough year financially for KPHL, we have had to meet our PNG LNG Project JV cash…
KPHL’s contractor, China Petroleum Pipeline Engineering, a subsidiary of China National Petroleum Company has begun construction of a Jet A1 fuel import and storage facility at a site adjacent to the Motukea wharf. Kumul Petroleum Managing Director, Wapu Sonk said, “This facility is part of the commitment we made to the Government and people of…
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…
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…