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Kumul Petroleum and Wison New Energies sign agreement for Papua New Guinea's first floating LNG project
Oct 18, 2024•over 1 year ago
Contract Type
agreement
Port MoresbyEnergyOil And GasConstruction
Description
An agreement has been signed between Kumul Petroleum and Wison New Energies for pre-front end engineering and design on Papua New Guinea's potential FLNG project, with a capacity to produce 1.5 million tonnes per annum of LNG. The vessel is planned to be deployed in the Gulf of Papua, and the pre-FEED work is projected to be completed by June 2025.
Company Information
Company
Kumul Petroleum
Location
Port Moresby, National Capital District, Papua New Guinea
About
Kumul Petroleum is Papua New Guinea’s national oil and gas company. We protect and maximise the value of PNG’s petroleum assets so that it can contribute to the maximum wealth for the people of Papua New Guinea.
Kumul Petroleum is responsible for managing the State’s 16.57% equity in the US$19 billion PNG LNG Project, the largest single investment made by the nation to date.
Port MoresbyEnergyOil And GasConstruction