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,…