PROMOTING EXCELLENCE TO BENEFIT
PAPUA NEW GUINEA NOW AND IN THE FUTURE.
Kumul Petroleum Holdings Limited (KPHL) is Papua New Guinea’s national petroleum company, whose activities are primarily governed by the Kumul Petroleum Holdings Limited Authorisation Act 2015.
Since the company’s inception in 2009, it has operated as a commercial entity, underpinned by its participation in the PNG LNG Project. KPHL manages the State’s 16.57% equity shareholding in this development, making it the third largest shareholder in the US$ 19 billion project.
As Papua New Guinea’s State nominee, KPHL has a mandated option to take up to 22.5% equity in any operational petroleum project.
Apart from its project and licence area shareholding, KPHL is operator of four petroleum retention licences, has established the Kumul Petroleum Academy for specialist industry training, supports the construction of rural electrification infrastructure, health infrastructure and services (especially cancer and heart disease related), various sporting codes and other community development initiatives.
Port Moresby, 02 August 2022 – Papua New Guinea’s national oil and gas company, Kumul Petroleum Hold...Continue Reading