KUMUL PETROLEUM GETS AHEAD

Business Advantage Papua New Guinea - - Petroleum Papua Lng -

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.’

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.