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KNOC strives to fulfill its responsibility and to contribute to economic development through stabilizing oil supplies. |
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Sub-division |
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- Overseas exploration & production - Domestic exploration & production |
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Main tasks |
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- Overseas oilfield development
- Exploration of Korean continental shelves
- Production of natural gas in Donghae-1 gas field |
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Sub-division |
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- Strategic oil stockpiling |
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Main tasks |
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- Stockpiling facility operations
- Strategic stockpiling in order to stabilize oil supply and hedge potential risks that may arise from oil price fluctuation |
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- 15 production projects
- 1 development projects
- 3 exploration projects
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Overseas E & P |
Domestic E & P |
Total reserves (mmboe, 2P) |
931.2 |
Total reserves (mmboe, 2P) |
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Production (mboe/d) |
136.0 |
Production (mboe/d) |
- |
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Petroleum Stockpiling(2021 Performance) |
Total revenues |
122.7 |
Gross profits |
122.7 |
Stockpiling volume |
146.0 |
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