CRE­AT­ING WEALTH AND OP­POR­TU­NI­TIES FOR PA­PUA NEW GUINEA NOW AND INTO THE FUTURE

OUR IN­VEST­MENT PORT­FO­LIO

Paradise - - Living -

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.

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