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    PNG awards 4th licence to Kumul Petroleum


The three other licences were awarded by the government in April this year.

by: Shardul Sharma

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Complimentary, Natural Gas & LNG News, Asia/Oceania, Security of Supply, Corporate, Exploration & Production, Investments, News By Country, Papua New Guinea

PNG awards 4th licence to Kumul Petroleum

Papua New Guinea’s (PNG) national oil company Kumul Petroleum Holdings has been awarded the fourth petroleum retention license (PRL) this year by the government, it said on September 3.

This decision comes less than five months after the awarding of the three licences. In April the petroleum advisory board granted PRL 48, PRL 49 and PRL 50 covering the Kimu, Barikewa and Uramu gas fields to Kumul.


The National Gas Company of Trinidad and Tobago Limited (NGC) NGC’s HSSE strategy is reflective and supportive of the organisational vision to become a leader in the global energy business.


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Kumul said that the Pandora licence presented the opportunity to put to test the aggregation and development concepts that the company has been working on. Managing director Wapu Sonk said the company would now be able to consolidate these assets and move toward commercialising fields that were “previously held by different owners and were otherwise considered stranded, isolated and economically challenging.”

Sonk added that the company would look to invite joint venture partners and technical service providers with the requisite technical and financial capabilities who will assume critical roles in the development of these gas fields.