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…
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,…