Wapu Sonk

​Petromin in discussions with Kumul Holdings to effect transfer

The transfer is consistent with the State’s broader Kumul Consolidation Agenda and the requirements of the KPHL Act.

KPHL is mandated under the Kumul Petroleum Holdings Limited Authorisation Act 2015 (KPHL Act) as the sole nominee of the State to acquire, hold and manage the State’s oil and gas interests and assets in PNG and to carry on business as any other commercial entity in the oil and gas sector would.