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Challenging the impossible –
Challenging the world –
Increasing the value of Korea National Oil Corporation by taking bigger
steps for greater Korea
A company that creates value beyond energy
Creating Value, Beyond Energy
Korea National Oil Corporation
‘Creating Value, Beyond Energy. Global KNOC’
After oil crises in the 70s, the Korea National Oil Corporation was
established in 1979 as a part of the government’s efforts to secure stable
supply of oil.
In 1998, by discovering gas for the first time in Korea, KNOC enabled
Korea to be ranked as the world’s 95th oil producing nation.
To transform Korea from the world’s 5th largest importer of energy and
8th largest energy consuming nation to an energy sufficient nation....
KNOC is making dedicated efforts
.
Exploring tomorrow, reaching for the impossible, embracing challenges,
KNOC is everywhere. In the center of the fiercest snowstorms, the vast
ocean and the distant corners of the planet, it strives to find oil. In the
distant locations, KNOC is a little Korea.
KNOC is stretching further to the corner of the globe to become a major
global player in the energy industry.
Since 2008, KNOC has grown fourfold through series of asset acquisitions
and M&A activities. Today, KNOC is carrying out240 exploration,
development and production projects in 24 countries around the world.
KNOC gained access to participate in the UAE, namely the premiere League
of the oil industry. Also, it successfully made inroads into unconventional
oil and gas market by participating in Eagle Ford Shale of the U.S.A.
To reinforce its position as a global oil company, KNOC is strengthening
the technical expertise through innovation driven exploration process.
It is expanding a global network by establishing strategic partnerships with
major national oil companies.
The people who prepare for tomorrow –
The passion to secure more energy for the future, fills Korea with hope
Our dignity for a brighter future and a greater Korea is
Initiated by Korean Government’s ambitious vision.
KNOC is expanding its business arenas to discover new potentials in the oil
industry.
KNOC built world-class stockpile facilities in Ulsan, Geoje, Yeosu that could
reserve146million barrels of oil equivalent. The reserved oil isused to
stabilize Korea’s energy supply. Furthermore, KNOC seeks out new business
opportunities in the marketing of profit oil as well as the joint international
stockpiling of oil.
utilizes Korea’s geographical advantages to contribute to Northeastern
Asia’s oil logistics, and the Economical Gas Station project for stabilizing
oil distribution in Korea’s domestic market.
Uncertainty comes with new challenges.
But not attempting to change poses greater risks in the time of
uncertainty.
KNOC embraces new challenges to evolve.
Through challenges for tomorrow,
We discover greater possibilities.
KNOC is discovering growth engines for continued innovation and for the
social responsibilities.
To secure state of art exploration technology in oil business, KNOC is
putting utmost effort to enhance technical competencies of the in-house
technical staff.
Through comprehensive oil information network “petronet” and the Korean
oil price management system “Opinet”, KNOC is becoming an organization
that specializes in oil industry information, an organization the people of
Korea can trust.
Through proactive environment related research activities, ethical
management and social contribution activities for securing energy sources
in the future, KNOC focuses on the sustainable management.
At KNOC, we challenge the future.
Our challenges can create value for greater future in Korea.
It will prepare Korea for the more prosperous future.
KNOC creates value beyond energy.
‘Creating Values, Beyond Energy. Korea National Oil Corporation

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