Wapu Sonk, Managing Director of Papua New Guinea’s state-owned oil and gas company Kumul Petroleum Holdings Limited, spoke about the way forward with the TotalEnergies-led Papua LNG project and the “unexpected blessings” its delay could bring at this month’s 2024 Business Advantage PNG Investment Conference. Watch his exclusive fireside chat.
Wapu Sonk on Papua LNG – timelines, impacts, and reforms that could benefit industry [video]
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27 Aug 2024 by Leave a Comment
Report from the 2024 Papua New Guinea Investment Conference
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14 Aug 2024 by Leave a Comment
This year’s PNG Investment conference saw top speakers from across the business sector and government come together, including Prime Minister James Marape, Kumul Petroleum Holdings MD Wapu Sonk, Air Niugini CEO Gary Seddon, PNG Ports Corporation CEO Neil Papenfus, Bank of PNG Chairman David Toua, and country head of the IMF Sohrab Rafiq.
Day 1 report from the 2024 Papua New Guinea Investment Conference
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13 Aug 2024 by Leave a Comment
Day 1 of the 2024 Business Advantage PNG Investment Conference featured top speakers from across the business sector, including Kumul Petroleum Holdings’ Wapu Sonk, Bank of Papua New Guinea Chairman David Toua and the IMF’s Sohrab Rafiq, who spoke of the positive impact of the central bank’s new approach to managing foreign exchange.
Papua New Guinea’s premier business magazine to publish a special mining and energy edition
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4 Jun 2024 by Leave a Comment
With a strong decade on the horizon for mining and energy in Papua New Guinea, Business Advantage PNG is set to publish its first special edition devoted solely to these sectors.
Large-scale fabrication plant to underpin industrial park outside Papua New Guinea’s capital
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14 Feb 2024 by Leave a Comment
Work has begun on Kumul Petroleum Holdings Ltd’s US$100 million steel fabrication plant just north-west of Port Moresby. In an exclusive interview, Kumul Petroleum MD Wapu Sonk outlines how the facility will boost PNG manufacturing, and anchor a new Special Economic Zone in the Caution Bay area.
Work begins on Kumul Petroleum’s world-class fabrication facility in Papua New Guinea
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1 Aug 2023 by 5 Comments
Kumul Petroleum’s plan to manufacture large-scale infrastructure components for major resources projects in Papua New Guinea has taken a major step forward, following the signing of construction contracts for a US$100 million (K358 million) fabrication facility outside Port Moresby.
Kumul Petroleum moves to commercialise more gas fields in Papua New Guinea
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1 Mar 2023 by 2 Comments
State-owned oil and gas company Kumul Petroleum has been gradually acquiring licences to some of Papua New Guinea’s smaller and ‘stranded’ gas assets. Managing Director Wapu Sonk explains the strategy behind the move to Business Advantage PNG.
In brief: Central Bank pledges to increase monthly forex release to the market
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28 Feb 2023 by Leave a Comment
The Bank of Papua New Guinea to increase monthly forex release by US$40 million, Kumul Petroleum Holdings to supply energy to Special Economic Zones, and key PNG corporates post encouraging 2022 results. Your business news in brief.
What business opportunities will flow from the Papua LNG project?
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12 Oct 2022 by 4 Comments
More details have been revealed about the planned TotalEnergies-led Papua LNG gas project and how businesses can get involved.
Kumul Petroleum moves to increase Papua New Guinea’s stake in PNG LNG project
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27 Sep 2022 by Leave a Comment
State-owned Kumul Petroleum has made an offer to purchase a further five per cent of the PNG LNG project from Santos. The US$1.4 billion move looks set to position it to play a greater role in the future of Papua New Guinea’s oil and gas sector with global LNG demand increasing.
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