Puma Energy Papua New Guinea : Energising Communities in PNG
Empowering SMEs, investing in individuals and infrastructure, and delivering a complete fuel solution to urban and rural communities alike, Puma Energy PNG continues to take great pride in being a local socioeconomic stalwart.
Puma Energy Papua New Guinea
Papua New Guinea encapsulates Puma Energy’s global strategy, focused on rapid organic growth in high potential energy markets Writer: Jonathan DybleProject Manager: Josh HylandPuma Energy has firmly planted its stamp on the global energy industry in the century since its inception. Founded in 1920, it is now considered to be one of the world’s largest mid-stream/downstream oil & gas companies with more than 8,300 employees manning its operations that span a total 49 countries.With a strategy focused on high potential markets, Papua New Guinea (PNG) is one country that encapsulates the Company’s dynamic approach as it looks to take advantage of new opportunities and secure rapid growth. Equally, Puma Energy pays back to the local community with its emphasis on socioeconomic development initiatives.Puma Energy entered PNG in 2014 after it purchased InterOil’s refining, logistics and marketing businesses. According to Jim Collings, Director of Puma Energy PNG, the Company hasn’t looked back since, establishing itself as the largest entity in downstream petroleum distribution throughout the country.“This business was attractive to us because we believe the economy of PNG is poised for further significant expansion and the underlying assets and operations of the business have significant strategic value,” he says.Napa Napa RefineryOne of the most significant components of Puma Energy’s PNG business is its Napa Napa Refinery, a facility located adjacent to Port Moresby that refines up to 32,500 barrels of oil per day. Since acquiring the production plant in 2014, Puma Energy has invested heavily in the refinery, raising the bar within the local market.There is significant potential…
Puma Energy Papua New Guinea
Answering Demand in a Fast-Growing MarketWriter: Emily JarvisProject Manager: Eddie Clinton Demonstrating the resiliency of its business model during the oil price slump, global integrated midstream and downstream Company, Puma Energy Holdings is keen to reinvest its strong profits back into the business to fund the Group’s continued expansion across key locations worldwide; including Papua New Guinea (PNG), South Africa, Colombia, Peru and the UK.After making inroads into Papua New Guinea in mid-2014 through the acquisition of InterOil Corporation’s oil refinery, service stations and fuel terminals for US£525.6 million, Puma Energy is now able to tap into its extensive knowledge of fuel, storage, distribution and refining to identify new growth opportunities and integrate the country’s fuel offering into the wider Group operations. With the venture establishing Puma Energy as the largest entity in downstream petroleum distribution in Papua New Guinea, the Company is proud to now have more than 50 retail sites - both branded and independent - as well as 11 storage coastal terminals, 11 airports and a storage capacity of more than 480,000 metres cubed.Pierre Eladari, Puma Energy’s Chief Executive Officer (CEO) commented: “We have been impressed by InterOil’s business, its strategic asset base, its customer portfolio and the quality of its management and people. There are many parallels between our global businesses and that of InterOil’s; in particular the importance of expertise in logistics, guaranteeing a reliable and secure supply of high quality fuels to our customers.”With the new operation complementing the existing Puma Energy global strategy of “disciplined investing in fast-growing markets where there is…
Puma Energy Papua New Guinea
Answering Demand in a Fast-Growing MarketWriter: Emily JarvisProject Manager: Eddie Clinton Demonstrating the resiliency of its business model during the oil price slump, global integrated midstream and downstream Company, Puma Energy Holdings is keen to reinvest its strong profits back into the business to fund the Group’s continued expansion across key locations worldwide; including Papua New Guinea (PNG), South Africa, Colombia, Peru and the UK.After making inroads into Papua New Guinea in mid-2014 through the acquisition of InterOil Corporation’s oil refinery, service stations and fuel terminals for US£525.6 million, Puma Energy is now able to tap into its extensive knowledge of fuel, storage, distribution and refining to identify new growth opportunities and integrate the country’s fuel offering into the wider Group operations. With the venture establishing Puma Energy as the largest entity in downstream petroleum distribution in Papua New Guinea, the Company is proud to now have more than 50 retail sites - both branded and independent - as well as 11 storage coastal terminals, 11 airports and a storage capacity of more than 480,000 metres cubed.Pierre Eladari, Puma Energy’s Chief Executive Officer (CEO) commented: “We have been impressed by InterOil’s business, its strategic asset base, its customer portfolio and the quality of its management and people. There are many parallels between our global businesses and that of InterOil’s; in particular the importance of expertise in logistics, guaranteeing a reliable and secure supply of high quality fuels to our customers.”With the new operation complementing the existing Puma Energy global strategy of “disciplined investing in fast-growing markets where there…
