25/03/2022
PRESS RELEASE:
Kumul Petroleum sponsors PNG Rugby Union
-------------------------------------------------------------------------
Port Moresby, 24 March 2022
Papua New Guinea’s national oil and gas company, Kumul Petroleum Holdings Limited (Kumul Petroleum), today announced sponsorship funding of K10 million for the PNG Rugby Union (PNGRU) for the next three (3) years from 2022 through to 2024.
This sponsorship provides Kumul Petroleum with the naming rights for all PNGRU sanctioned events and competitions over this period and includes branding of tournament uniforms, on-field signage, ticketing and other related documentation.
Mr Wapu Sonk, Managing Director of Kumul Petroleum said: “We are pleased to announce financial support for this sporting code, which for many years has suffered and declining because of various reasons and the key ones being lack of sponsorship, infighting between different people at the PNGRU Board, regional centers and or provincial union affiliates etc . Kumul Petroleum was approached with a new vision, new president in Paul Siwi which was an outcome of a united PNGRU election process and we are sponsoring the vision that is in the Strategic Plan 2021 to 2026".
The Strategic Plan outlines the frameworks, playing calender, development plans, etc. in how to grow the game from grassroots level up and achieving the objective of ensuring every Papua New Guinea can enjoy the game of Rugby.
Mr Sonk further added, whilst we are happy to sponsor, Kumul Petroleum will expect results on and off the field of Rugby and that includes good governance practices in how the funds are managed and applied. “As with similar sponsorship arrangements, the agreed annual payments are subject to meeting the sponsorship conditions outlined in the MOU signed between Kumul Petroleum and PNG Rugby Union .
The sponsorship agreement was signed today at the Sir Hubert Murray Stadium in Konedobu by Wapu Sonk, Managing Director of Kumul Petroleum and Paul Siwi, President of the PNGRFU.
Ends//..
