Kumul Petroleum Holdings Limited

Ivano, from Eastern Highlands Province, was nominated by his employer, Kumul Petroleum Holdings Limited.

Ivano was selected as a result of his outstanding performance and the leadership potential he has shown in his workplace.

“I am very grateful to my employer Kumul Petroleum Holdings, Santos Limited and the Australian government for this privilege to further my studies. Such partnerships are needed to help facilitate progress and development of nationals in PNG and I am humbled to be given this opportunity,” he said.

KPHL, PNG's oil and gas company, presented a cheque of K100,000 to Life PNG Care Managing Director Collin Pake.

The charity event saw 42 four-men teams – made up mostly of corporate bodies – participate, raising more than K130,000.

However, K30,000 will be retained to assist organise other charity events.

Kumul Petroleum Holdings managing director, Wapu Sonk, commended the teams who supported the tournament, which will become an inaugural event.

The funds will go towards assisting Life PNG Care’s Strongim Pikinini Program.

The inaugural charity event by Kumul Petroleum Holdings saw 36 teams tee off at 10am yesterday.

The event organisers anticipated 44 teams however, 36 registered for the one day event.

Among those who participated was Works Minister Michael Nali and Education Minister Nick Kuman.

Event organiser from Kumul Petroleum Holdings, Willie Kupo, says it was a fun day which saw 144 players on the green.

The inaugural charity golf challenge ended at 5pm yesterday.

All funds raised will go towards Life PNG Care's charity programs.

The inaugural charity golf challenge will see funds raised this year go towards supporting the work of Life PNG Care.

The NGO runs a care centre for underprivileged children living in Port Moresby.

It currently has 54 children residents at the centre and also feeds 100 street children during the weekends.

In a statement, KPHL Managing Director, Wapu Sonk, also says the Government through the Department of Energy, should be congratulated for insisting back in 2016 that P’nyang South drilling and reserve certification be completed first before discussing the Application for Petroleum Development License (APDL).

Sonk said now they can discuss the APDL knowing what reserves they are dealing with.

He said it also gives comfort that Train 3 discussions will happen as soon as ExxonMobil submits the other requirements for APDL.

Kumul Petroleum Holdings Limited managing director Wapu Sonk made these remarks during the 2^nd Petroleum and Energy Summit in Port Moresby on Monday.

However, Sonk said PNG is uniquely positioned and is central to the biggest demand growth in South East Asia.

When the price of LNG drops, it will increase the demand and PNG will be in a better position to market its LNG, stated the MD.

The KPHL Board approved the company’s contribution during a special meeting last week.

Chairman Sir Moi Avei said the KPHL Board recognises the challenges the Government faces and the needs of the affected people, hence the decision to help rebuild infrastructure and restore normalcy to Hela, Southern Highlands, Western, Gulf and parts of Enga.

Managing Director Wapu Sonk said also share similar sentiment saying KPHL assistance is to the National Disaster Relief fund.

Kumul Petroleum Holdings Limited Managing Director, Wapu Sonk, says there is ongoing discussions between these countries on ways to enter the energy market in PNG.

He said PNG is one of the few remaining countries in the world which has an energy resource base that is yet to be fully explored.

Speaking at the Oxford Business Roundtable early last week, Sonk said with the APEC year upon us, significant interest has been shown by these countries.

He made the comments during the donation of K50,000 from Kumul Petroleum Holdings Limited (KPHL) yesterday.

Governor Bird received a cheque from KPHL Managing Director, Wapu Sonk, towards relief efforts for the aftermath of the Kadovar Island volcanic eruption.

Sonk said KPHL, being the national oil and gas company, has a social responsibility to all Papua New Guineans and obligated to help the people of Kadovar at this time of need.

Governor Bird thanked Sonk for the donation and said the level of support received has been overwhelming.

Both parties will associate and collaborate with each other on a mutually exclusive basis for the above-mentioned FLNG project of Kumul Petroleum Holdings Limited from PNG.

Wison has a proven track record in the delivery of the world’s first barge-based FLNG. In September 2016, Wison successfully completed its performance test at the Wison yard in Nantong, China. This marked for the first time in history LNG had been produced on-board a floating facility. It was also be the world’s first gas trial for a floating liquefaction unit before sail-out.