Two appointed as members of PNG Kumul Petroleum Board of Directors

Paul Nerau and Hari Karyuliarto have been appointed as two new directors of the Kumul Petroleum Holdings Ltd (KPHL) board.

KPHL Chairman Dr. Benedict Yaru (PhD UTS) said the appointments were made on July 12 after a thorough process in line with the Kumul Petroleum Holdings Authorization Act 2015.

Yaru thanked the Kumul Petroleum Trustee and Prime Minister James Marape for the timely appointments.

He said the appointments come at a time when the government and Kumul Petroleum prepare for the start of major projects including the Papua LNG, P’nyang, and the offshore Pasca A.

“We are confident (Nerau and Karyuliarto) will bring exceptional value to the board and business of Kumul Petroleum, with their caliber, individual achievements, experiences and expertise,” said Yaru.

Nerau is from Bakaukaku in Buin, Bougainville and has more than 40 years of experience working in the Petroleum sector, mining sector, manufacturing industry and commercial business.

Karyuliarto is from Indonesia and has more than 23 years of experience with the LNG business. He will advise the Board on various areas of the oil and gas industry bringing with him many years of National Oil company experience from Pertamina, Indonesia.

Nerau and Karyuliarto were sworn in by Magistrate Billy Pidu in Port Moresby.

KPHL Managing Director Wapu Sonk welcomed the appointments and said they came at a crucial time when the government and Kumul Petroleum are negotiating in large projects, among other crucial matters such as reforms in the legislative and policy space.

“The board has been and continues to be, very supportive and remains pivotal to the success of Kumul Petroleum’s participation in these major economic projects as the state’s nominee,” said Sonk

Picture Credit: Kumul Petroleum Holdings

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