KUMUL PETROLEUM GETS AHEAD
The Managing Director of Papua New Guinea’s Kumul Petroleum, Wapu Sonk, sees significant growth opportunities in PNG’S gas sector.
‘Our overall picture of PNG is such that we think we have enough gas for five trains,’ says Sonk. ‘That would trigger more exploration and the commercialisation of onshore and offshore discovered gas that is otherwise considered stranded at the moment.’
He says he is interested in looking for ‘the marginal fields that can connect into a common carrier pipeline’ to develop stranded gas for domestic energy purposes.
Sonk says it is important for PNG ‘to be on the front foot’.
‘The Papua project will be easier to develop, particularly as there is a shorter distance between the source of the gas and the processing plant.’