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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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- 20 production projects
- 2 development projects
- 5 exploration projects |
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| Overseas E & P |
Domestic E & P |
| Total reserves(mmboe) |
1,478.3 |
Total reserves(mmboe) |
1.8 |
| Production (mboe/d) |
170.1 |
Production (mboe/d) |
5.8 |
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| Petroleum Stockpiling (2017 Performance) |
| Total revenues |
239.6 |
| Gross profits |
108.1 |
| Stockpiling volume |
146.0 |
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