The newly appointed Director of Kumul Petroleum Holdings Limited (KPHL) Mr. Isaac Lupari was quite pleased with the working progress at the two facilities owned by the State-Owned Company just outside Port Moresby city.
Mr. Lupari, accompanied by KPHL acting Managing Director Dr. Luke Liria, on Saturday, visited two of the company’s major project sites – the Motukea Fuel Facility and the Caution Bay Training and Fabrication Facility, and was pleased with what he saw.
"It is pleasing to see that these facilities are at an advanced stage of completion. The Motukea Fuel Facility will be mechanically complete next week, services are connected, staff have been recruited and after commissioning in June, it will be ready for commercial operations in August.”
“The Motukea facility has the capacity to hold 12 million litres of JetA1 fuel and was built in response to Government and public concerns about fuel security at the time when Puma stopped importing fuel.”
At KPHL’s Caution Bay site, director Lupari saw that the Training Academy was structurally complete and that the Safe, Live Processing Plant, previously installed at the Kumul Petroleum Academy at Idubada, had been transported to the site in preparation for the next session of technical training to commence.
The nearby 294-man camp was complete and ready to service future petroleum development contractors operating in the Caution Bay area.
Mr. Lupari added,” The KPHL Board is critically reviewing all major project activities that KPHL is undertaking, including assessing the most effective management for these important facilities going forward.”
“These Kumul Petroleum initiatives are aimed at supporting the development of the petroleum and other resource industries in Papua New Guinea, and maximizing national content in them. We are looking forward to FID for Papua LNG and KPHL’s involvement in all aspects of that project.”
Director Lupari confirmed that Kumul Petroleum’s main focus at present was preparing to take up equity in the Papua LNG Project, and that KPHL remained committed to continuing to work closely with the government, industry partners, and financiers to achieve sustainable growth and national prosperity.
“Kumul Petroleum remains a cornerstone in the development and safeguarding of PNG’s natural resources sector, whilst simultaneously contributing to achieving socio-economic goals through our nation-building projects.”
