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

PAPUA New Guinea's state-owned oil and gas company Kumul Petroleum has announced a landmark deal with Total that will increase its back-in rights in the Papua LNG project by 7%. 

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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