MARKETS

Kumul boosts farm-in rights in Total's Papua PNG project

Takes full back in rights boosting revenue windfall

Sally Bogle

Kumul boosts farm-in rights in Total's Papua PNG project

The deal will boost Kumul's free-carried equity stake in the project from 22.5% to just under 30% and, it is hoped, lead to the development of several of PNG's deepwater gas fields. French major...

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