Tuesday, December 4, 2018

KPHL geologist gets Australain scholarship

KPHL geologist gets Australain scholarship

Kumul Petroleum Holdings Ltd (KPHL) yesterday thanked the Australian government and Santos Ltd for awarding a scholarship to one of its staff to build PNG resources capacity.
KPHL and Santos announced that KPHL geologist Ivano Ivano was the recipient of a scholarship to study a master’s degree in petroleum geoscience at University of Adelaide next year, followed by three-months operational training with Santos.
The scholarship is part of a new partnership between Santos and the Australian government to develop technical and management capability in the resources sector in PNG.
Ivano is a graduate geologist with KPHL, a partner in the PNG LNG project, and works its Port Moresby office.
He said he felt privileged to have been nominated for the scholarship by his company, and to have been selected by the Australian scholarship awards office and Santos.
“It’s my ultimate goal to be a leader in the PNG oil and gas industry,” he said.
“I am very grateful to Kumul Petroleum Holdings, Santos and the Australian government for an opportunity like this, which can only help take the local industry forward.”
Santos managing director and chief executive Kevin Gallagher said the resources sector was the main driver of PNG’s economic growth.
He said it made sense to help build capability within its local workforce.
“I am very pleased to be able to support Ivano through a masters in petroleum geoscience and then provide him with hands-on experience at one of our operations,” he said.
“The idea is that he will take this knowledge back to PNG and play a bigger part in helping the nation’s economic development to build a better future for the broader community.”
KPHL managing director Wapu Sonk congratulated Ivano for being the first recipient of the new Santos scholarship programme, which was aimed at growing a highly-skilled workforce in the resources sector in Papua New Guinea.
“I am very pleased that the programme is starting after a few months of working on it,” he said.
“I thank Santos for partnering with Kumul Petroleum in this very important endeavour.
“It is our vision and goal to create opportunities for Papua New Guineans.
“This joint effort with Santos to develop our capacity, is a fulfilment of that vision.”
Ivano grew up in the Eastern Highlands where his father was a field biologist.
The cool mountainous environment fuelled his love for the outdoors and that strongly influenced his decision to take up undergraduate studies in geology at the University of PNG.
As well as being an avid reader and music enthusiast, Ivano is currently a member of the PNG men’s national basketball team, with whom he hopes to win a gold medal in the upcoming Pacific Games.
PNG PM O’Neill salutes resource sector

PNG PM O’Neill salutes resource sector

Papua New Guinea PRIME Minister Peter O’Neill says the resource sector led the country to establishing new markets and expanding new relationships within the Apec communities.
He noted that export of LNG had increased more than five times to Japan, Taiwan and China markets.
Speaking at the opening of the investment conference in Sydney on Monday, O’Neill said: “We are now seeking new markets.
“We have been able to have discussions with Singapore, Korea, Indonesia and Russia.
“This expansion of trade has grown globally because of our (PNG) reputation that we are a reliable supplier.
“For Japan and China, we are a preferred supplier to these two nations.”
Overall, he said the future of the country’s resource sector was “bright” with more projects in the pipeline.
“Projects in pipeline include Papua LNG, P’nyang project, Pasca, Wafi Golpu, Frieda River, Ok Tedi’s expansion.
“The country wants a fair share distribution of the value of these projects.
“We want to make sure the country has access to revenue from day one of production.
“I’m pleased that we are also at the agreed term sheet for the development of the Wafi Golpu.
“This is another world-class Papua New Guinean investment opportunity for our country.
“We are hoping to sign the agreement (Wafi Golpu) at the end of this conference.”
More so, O’Neill said the resource sector depends also on tax systems in countries.
He pointed out that the tax systems in PNG like anywhere else were complex to administer.
As a result, he said the country’s tax revenue over the past few years has been declining.
“In 2015 it was 18 per cent of GDP and 2016 it was 15 per cent of GDP, which is quite low.
“That is why we want everybody pay their fair share of tax.
“Far too many companies and individuals are paying too little tax.
“We will continue to work with stakeholders to ensure we have a better balance in making sure everyone has a fair share of their responsibility in paying taxes that the country needs to build infrastructure that country needs to grow,” O’Neill told delegates and investors at the meeting.
The three-day mining and petroleum investment conference ends today. The National