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KNOC launch crude oil production of Haliba oil field with ADNOC in UAE
 

Korean consortium(KNOC, GS Energy) signed a contract with ADNOC to develop the untapped oil blocks in Abu Dhabi, the UAE on March 2012.


With a precise evaluation in 2018, Oil reserves at 227 million barrels, promoted from 75 million barrels at the time of the discovery.


KNOC achieved first oil production on June 2019, and it is expected to be produced 40,000 BOPD in recent years.
* BOPD : Barrels of Oil Per Day


Successful exploration, development and production process with the technology of the Korean consortium


Raise energy security by making the oil importable into Korea even when the Hormuz Strait is blocked.


First visible achievement after strengthening the Korea-UAE relationship to a strategic partnership


 
Signing on Reserves Stakes Operator
March 5, 2012 227 million barrels1) ADNOC 60% KADOC2) 40% Joint operation(Al Dhafra)
 
1) (The consortium’s share : 91 million barrels)
2) Korean Consortium (KNOC 30%, GS Energy 10%)

 

Department Contacts Updated
Updated : 2021-12-31 Department : E&P - Overseas Business Dept. I Contacts : +82)52-216-3227

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