KPHL focuses on establishing Petroleum Resources Authority

The opening of the new Gas Projects Coordination Office is expected to be the starting point for discussions for the establishment of the Petroleum Resource Authority (PRA).

Kumul Petroleum Holdings Limited (KPHL) Managing Director, Wapu Sonk, said this during the office opening on Thursday.

Impressed with the facilities which will house the GPCO, as well as the Minister for Petroleum and Energy and potentially the Secretary for the Department,  Sonk hopes plans for the PRA’s establishment begins.

“I’m hoping this is the start where the authority thinking can evolve and (be) pushed, and also work with the stakeholders and development partners in pushing forward the next phase of development in PNG in terms of Oil and gas expansion projects,” he said.

“So hopefully this environment that has been created provides that incentive and the drive and the motivation that sort of lacks in the department at the moment and we can drive some of the policy agendas and development agendas that the country is looking forward too.”

Cedric Patjole