Corporate Profile
Company Profile
A comprehensive overview of Togole Petroleum Energy Limited — Papua New Guinea's national petroleum company
Who We Are
Papua New Guinea's National Petroleum Company
Togole Petroleum Energy Limited (TPEL) is Papua New Guinea's pioneering national petroleum exploration company — a 100% Papua New Guinean-owned enterprise, wholly owned by the Togole ToWaragat Group. Established in 2020, TPEL was founded on the conviction that PNG's vast petroleum resources should be developed by, and for, the people of Papua New Guinea.
Operating under the mandate to "Take Back PNG," TPEL holds four active exploration licenses covering more than 166 graticular blocks across the Western Province and Gulf Region, with an estimated combined prospective resource potential of approximately 10 Tcf of natural gas.
Led by an experienced board and a technical team with a combined 100+ years of PNG petroleum industry expertise, TPEL is positioned to become the leading national operator in PNG's energy sector — delivering energy security, economic growth, and lasting prosperity for Papua New Guinean communities.
Incorporated
2020
Ownership
100% PNG-Owned
Parent Group
Togole ToWaragat Group
Headquarters
Kokopo, ENB Province
Active Licenses
4 Exploration Licenses
Total Acreage
166+ Graticular Blocks
4
Active Exploration Licenses
Across Western Province & Gulf
166+
Graticular Blocks
Total licensed acreage
~10 Tcf
Estimated Resource Potential
Combined prospective resources
27+
Years Avg. Technical Experience
Senior geoscience & engineering team
Our Direction
Vision, Mission & Values
Our Vision
"To be the leading national petroleum company in Papua New Guinea, driving sustainable energy development, maximising local participation, and delivering prosperity for our people."
Our Mission
To responsibly explore, develop, and monetise Papua New Guinea's petroleum resources through technical excellence, strategic partnerships, and unwavering commitment to national benefit — ensuring that PNG's energy wealth creates lasting value for our communities, our economy, and future generations.
National Ownership
As a 100% Papua New Guinean-owned company, we place the interests of our nation and people at the centre of every decision we make.
Integrity & Transparency
We operate with the highest standards of corporate governance, regulatory compliance, and ethical conduct across all our activities.
Local Participation
We are committed to maximising employment, training, and business opportunities for Papua New Guinean citizens and communities.
Sustainability
Our operations are guided by environmental stewardship, social responsibility, and long-term thinking for future generations.
Innovation & Excellence
We leverage world-class geoscience, engineering, and technology to unlock PNG's petroleum potential with precision and efficiency.
National Prosperity
Every barrel and every cubic foot we develop is a step toward energy independence, economic growth, and lasting prosperity for PNG.
Exploration Portfolio
License Portfolio
TPEL holds four active petroleum exploration licenses covering strategic acreage across Papua New Guinea's most prospective petroleum basins.
| License | Name | Location | Acreage | Resources | Equity | Status |
|---|---|---|---|---|---|---|
| APPL 670 | Western Corridor | Papuan Foldbelt, Western Province | 7 graticular blocks | 3–5 Tcf | 100% TPEL | Ongoing |
| KALTO 614 | Lake Murray South | Lake Murray South, Western Province | 49 graticular blocks | 2.15 Tcf | Joint Venture (KL & TPEL) | Ongoing |
| APPL 708 | Western Province Gas | Papuan Foldbelt, Western Province | 70 graticular blocks | 3–5 Tcf | 100% TPEL | Ongoing |
| APPL 709 | Western Corridor South | Lake Murray South, Western Province | 40 graticular blocks | ~2 Tcf | 100% TPEL | Ongoing |
Our Journey
Corporate Milestones
TPEL Established
First License Acquisitions
Portfolio Expansion
Technical Team Assembly
Exploration Programme Launch
Field Assessment Completion
Development Phase
Our People
Leadership
TPEL is guided by an experienced board of directors and a technical executive team with deep expertise in PNG's petroleum, legal, and financial sectors.
Mr. Joe Peiti Atomu
Chairman of the Board & Chief Executive Officer
Mr. Joe Peiti Atomu serves as Chairman and Chief Executive Officer of Togole Petroleum Energy Limited, bringing over 15 years of extensive experience in the mining and petroleum industry. With a degree in Business Management, he provides strategic leadership and oversight across all aspects of TPEL's operations. His expertise spans developing human capital within the organization, including evaluating and coaching the work of other senior leaders. Mr. Atomu is committed to maintaining up-to-date technology, benchmarking leading practices, exploiting market channels, and leading the company's commitment to quality. His visionary leadership has positioned TPEL as Papua New Guinea's premier national petroleum company.
Mr. Bolton Towok
Deputy Chairman & Project Manager
Mr. Towok holds a Bachelor of Arts in Economic Geography from the University of Papua New Guinea. He is an experienced professional in development management, project planning, and execution. His strategic oversight of TPEL's projects ensures they are economically viable, socially impactful, and aligned with the company's goals of sustainable development.
Mr. Wesley Togulai Diave
Director — Togole ToWaragat Group Limited & Togole Petroleum Energy Limited
Mr. Wesley Togulai Diave serves as Director of both Togole ToWaragat Group Limited and Togole Petroleum Energy Limited, bringing 39 years of distinguished telecommunications and infrastructure experience to the Group's leadership. His career, spanning from PTC through Telikom PNG to Telikom Limited, was defined by the implementation of major optical fiber projects across Papua New Guinea — building the communications backbone that underpins modern PNG. A specialist in Outside Plant Technology and Optic Fiber systems, Mr. Diave combines deep technical expertise with a proven track record of delivering large-scale national infrastructure projects. His breadth of knowledge in project implementation and telecommunications infrastructure provides both Boards with a unique perspective on PNG's critical infrastructure landscape and the strategic role energy plays within the Group's broader resource and commercial portfolio.
Mr. Wesley Betabete
Director — Togole ToWaragat Group Limited & Togole Petroleum Energy Limited
Mr. Wesley Betabete brings a unique blend of technical expertise, spiritual leadership, and community service to his role as Director of Togole ToWaragat Group Limited and Togole Petroleum Energy Limited. With a background spanning mechanical maintenance, carpentry, and ordained ministry spanning over three decades, Wesley has demonstrated exceptional commitment to community development and service. His diverse career path — from hospital maintenance work to vocational training to full-time ministry — reflects his dedication to practical problem-solving and community welfare. As Treasurer of his clan and Director of both TTG and TPEL, Wesley combines his technical skills, spiritual values, and community leadership experience to guide the organisation's strategic initiatives and ensure alignment with community interests and sustainable development principles.
Mr. Michael Kalakale
Board Member — Togole ToWaragat Group Limited & Togole Petroleum Energy Limited
Mr. Michael Kalakale brings extensive experience in government administration, community leadership, and stakeholder engagement to his role as Executive Board Member of Togole ToWaragat Group Limited and Togole Petroleum Energy Limited. With a background spanning customs operations, local governance, and clan leadership, Michael provides valuable insights into PNG's regulatory environment and community relations. His long-standing commitment to community service and local development — including 15 years as a Ward Member and 6 years as Clan Chairman — aligns perfectly with the Group's core values of community partnership and sustainable prosperity.
Looking Forward
Strategic Direction
TPEL's strategy is built on four interconnected pillars that will drive the company's growth and deliver maximum national benefit from PNG's petroleum resources.
Resource Monetisation
Develop TPEL's exploration licenses through rigorous technical assessment, seismic programmes, and well drilling to confirm and monetise PNG's substantial petroleum resource base.
Infrastructure Development
Partner with infrastructure developers to build the pipelines, processing facilities, and export terminals required to bring PNG's petroleum resources to domestic and international markets.
National Capacity Building
Invest in the training, development, and advancement of Papua New Guinean petroleum professionals to build a self-sufficient national workforce for the energy sector.
Strategic Partnerships
Form joint ventures and technical partnerships with international operators, service companies, and financiers to accelerate development while retaining national ownership and control.
Governance
Corporate Governance
Regulatory Compliance
TPEL operates in full compliance with the PNG Oil & Gas Act 1998, the Environment Act, and all applicable national and international regulatory frameworks governing petroleum exploration and development.
Board Oversight
A multi-member Board of Directors provides strategic oversight, fiduciary accountability, and governance leadership. The Board includes directors with expertise in petroleum, law, finance, and community development.
Ethical Standards
TPEL is committed to the highest standards of corporate ethics, anti-corruption measures, and transparent reporting. Our governance framework is designed to build trust with government, communities, and partners.
Get In Touch
Connect with TPEL
Whether you are a prospective partner, a technical service provider, a community stakeholder, or a journalist, we welcome the opportunity to connect and share more about TPEL's work and vision.