Petroleum Retention Licences
KPHL is 100% owner and operator of four petroleum retention licences - PRLs 47, 48, 49 and 50, over the Pandora, Kimu, Barikewa and Uramu petroleum fields.
These licence awards and direct involvement of Kumul Petroleum as operator ensures that these important discovered petroleum reserves are not ‘warehoused’, and potentially remain undeveloped for many years. Kumul Petroleum will ensure that, where feasible, these petroleum discoveries will be progressed towards commercialisation and subsequently provide benefits for landowners and other stakeholders.
KPHL partnered with Oil Search (now Santos) to form this company, which established a 58MW gas-fired power station just outside Port Moresby. NiuPower has dispatched electricity into PNG Power’s Port Moresby grid since September 2019, mostly through a transmission line they constructed from the power station to a sub-station in the suburb of Gerehu.
The operation of the NiuPower plant has enabled PNG Power to cease taking electricity from diesel and heavy oil fired generators that had been used in past years to meet peak power demands of the city, resulting in savings of over K100 million.