Kumul Petroleum Holdings Limited

Kumul Petroleum Holdings Limited (KPHL) is Papua New Guinea’s national petroleum and energy company, established as the State’s corporate nominee to hold and manage interests in oil and gas projects under the Kumul Petroleum Holdings Limited Authorisation Act 2015.

The company participates in major developments such as the PNG LNG Project, where it holds approximately 19.4% equity as the third-largest shareholder, alongside partners including ExxonMobil, Santos, and others. It also maintains interests in various petroleum development licences and is the 100% owner and operator of several petroleum retention licences, including those over the Pandora, Kimu, Barikewa, and Uramu fields, focusing on appraisal and potential commercialization of stranded gas resources.

KPHL operates primarily in Papua New Guinea, with activities including equity marketing of LNG through its Singapore office, fuel importation and storage infrastructure development, and establishment of training facilities like the Kumul Petroleum Academy. It is part of the broader Kumul group of state-owned enterprises and works closely with entities such as Mineral Resources Development Company (MRDC) on equity participation, including in upcoming projects like Papua LNG where it seeks to secure PNG’s mandated equity position of up to 22.5% combined with MRDC.

As a state-owned entity with the Prime Minister serving as trustee shareholder, KPHL plays a central role in maximizing national benefits from the country’s hydrocarbon resources, supporting local content development, community initiatives, and infrastructure projects while advancing PNG’s position in the global energy sector.