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,…
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,…