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About us
major achievements
operating statistics
Operation summary
Overseas E&P
Domestic E&P
Petroleum stockpiling
financial information
 
home > Investor Relations> operating statistics > Domestic E&P
Domestic E&P
 
Financial and operational summery (mmUSD)
    2016 2017 %
Change
Financials Revenues 27 38 141%
 

Gross profit

2 8 439%
Operations

Production (mmboe)

0.70 0.91 130%

-Oil

0.06 0.06 100%
-Gas 0.64 0.85 133%

Reserve (mmboe)

1.4 0.48 34%

-Oil

0.1 0.03 30%

-Gas

1.3 0.45 35%
 
Key facts and KNOC strategies
Exploring the Korean continental shelf was the key role for KNOC when it was established by the government.
Since the early 1980s, KNOC has drilled 47 wells in the continental shelf to explore possible gas and oil reserves.
The corporation successfully discovered gas in Donghae in 1998 and 2003.
Donghae-1 became the first domestic production field in July 2004 with daily production of 50 million square feet of natural gas and 1,000 barrels of crude oil.
Since beginning production in 2004, the Donghae-1 gas field has increased profitability with cost-cutting efforts.
A new gas field, B5 layer, near Donghae-1 was discovered in 2002 and developed in 2008.
 
Domestic E & P wells

Block

Area (㎢)

Exploration
wells

Production
wells

I / I-2, I-3

35,306 1 -

II / II-2

39,869 4 / 1 -

III

41,620 - -

IV

43,195 1 -
V 44,529 4 -
VI-1 (6-1E, 6-1S, 6-1C) 6,540 24 5
VI-1 (6-1N, VIII) 12,560 2 -
VI-2 11,939 3 -
JDZ 69,662 7 -
Total 305,220 47 5
 
Department Contacts Updated
Updated : 2018-06-29 Department : Asia Business Dept. Contacts : +82)52-216-3127
Department Contacts Updated
Updated : 2018-06-29 Department : Asia Business Dept. Contacts : +82)52-216-3130

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