Port Moresby, 9th September 2026 – The Kumul Petroleum Holdings Limited (KPHL) Board has commenced a comprehensive review and reset of the Kumul Tower Project after a site inspection by KPHL Board Chairman, Ambassador Isaac B. Lupari CBE, GCL and Acting Managing Director Mr. Luke Liria. The recent visit confirmed that significant excavation, ground stabilisation,…
Amended Shareholders Agreement aligns key decisions with the combined 52.94% majority interest held by KPHL and MRDC in Lakatoi Marketing Pte Ltd. Port Moresby, 7th September 2026 – Kumul Petroleum Holdings Limited (KPHL) has successfully concluded and executed the amended Shareholders Agreement with TotalEnergies that governs the joint marketing of equity LNG and gas volumes…
Chairman of the Special Economic Zone Authority, Dr Lawrence Sause, announced today that the SEZA Board had approved the issue of a 12-month provisional developer licence to Kumul Petroleum Holdings Limited, for the development of the Central Province Industrial Park in the Caution Bay area. In a small ceremony Chairman Sause officially notified Kumul Petroleum…
Kumul Petroleum Holdings has organised more shipments of fuel, including vital Jet A1 to alleviate the current shortages experienced by the country. Kumul Petroleum managing director, Wapu Sonk, advised,” We are aware that current fuel importers are unable to meet the demand for fuel, particularly the Jet A1 used by the aviation industry, and once…
Maintaining its practice of organising charity golf events in Port Moresby and Lae, Kumul Petroleum Holdings Limited is once again hosting its annual charity golf event in Lae. Wapu Sonk, Managing Director of Kumul Petroleum Holdings said, “This year our charity golf event will be held on the greens of the Lae Golf Club, on…
Kumul Petroleum Holdings Limited, Papua New Guinea’s national petroleum and energy company, announced today that all necessary verification had been completed with the representative company of the PDL 2 landowners, enabling them to receive their portion of accrued Kroton Equity Option (KEO) preferential dividends. Wapu Sonk, Managing Director of Kumul Petroleum said, “together with DPE…
The managing director of Kumul Petroleum Holdings Limited, Mr Wapu Sonk, has reacted to the allegations made recently by the director general of National Institute of Standards and Industrial Technology (NISIT). Mr Sonk noted, “I find it difficult to understand how an allegation of lost billions of kina can be made. There appears to be…
Kumul Petroleum Holdings Limited through its training entity, the Kumul Petroleum Academy (KPA) is expanding its training capacity by building a new training facility next door to its Fabrication Facility, now under construction near the PNG LNG Project Plant site at Caution Bay. As part of its expansion plans, KPHL today signed a ‘Manage and…
Today, Kumul Petroleum Holdings stated it had finalised all finance arrangements to conclude the purchase of an additional 2.6% equity in the PNG LNG Project. Kumul Petroleum Holdings managing director, Mr Sonk, said, “Kumul Petroleum has been able to raise sufficient funds to close the deal for an additional 2.6% interest in the PNG LNG…
Today was an exciting day – the PNG Kumuls squad visited staff at the Kumul Petroleum Holdings Limited office. During the visit, KPHL Managing Director and PNG NRL Bid Chairman, Wapu Sonk presented coach Justin Halbrook with a framed handwoven Bird of Paradise or Kumul, whilst team members signed a game shirt. We wish the Kumuls a…