CREATING WEALTH AND OPPORTUNITIES FOR PAPUA NEW GUINEA NOW AND INTO THE FUTURE
OUR INVESTMENT PORTFOLIO
KPHL is the State’s nominee through its subsidiary Kroton in the ExxonMobil operated PNG LNG project. KPHL’s 16.57% participating interest is the third largest share in this multi-field, multi-party integrated venture that has a development cost of over US$ 19 billion and includes a gas conditioning plant upstream in Hides; a combined 700 kilometres of on-shore and offshore pipeline and a two train LNG plant near Port Moresby. The PNG LNG Project is producing over 8 million tonnes of gas per annum and will produce over 9TCF of gas over 20 years.
We are focused on consolidating our position as the State’s nominee in all future oil and gas developments, including the expansion of the PNG LNG Project; the Papua LNG project, operated by Total SA and Pasca A, the first offshore project operated by Twinza Oil.