KNOC explored Donghae-1 gas field with its technology, putting Korea
on the list of oil-producing countries. Based on the 30-year-long technical
competitiveness and know-how, KNOC, a state-run oil company, is playing
a leading role in developing oil fields to stably supply the Korean economy
with energy, stockpiling oil in case of emergencies and to improve oil
distribution structure for wholesome development of the domestic oil
Under its goal for sizeable growth, ‘GREAT KNOC 3020’, reaching a daily
production volume of 300 thousand barrels and reserves of 2 billion barrels
by 2012, the Corporation has taken over a series of overseas promising
companies. In 2010, it has given strong impression to major global oil
players by integrating with Dana petroleum plc., a British independent oil
company, after a string of M&A with SAVIA-Peru, Harvest Energy Trust in
Canada and Sumbe in Kazakhstan in 2009.
Growing as a major global oil corporation, KNOC promotes four core values:
Challenge, Professionalism, Respect and Contribution.