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…