Korea National Oil Corporation Archives

East Sea Oil, Gas Project Open to Foreign Partnerships: KNOC Chief

SEOUL, Jun. 14 (Korea Bizwire) — South Korea is ready to work with foreign partners to develop potential oil and gas reserves in the East Sea, the chief of the state-run Korea National Oil Corp. (KNOC) said Friday. Earlier this month, the government announced that it has found potential oil reserves in the East Sea, [...]

Daewoo International Begins Gas Exploration on Korea’s Continental Shelf

SEOUL, Dec. 4 (Korea Bizwire) – Daewoo International, the first Korean private company to acquire gas exploration rights, launched its full-fledged exploration activities to develop natural gas on the East Sea continental shelf. The company announced on December 2 that it began test drilling at the Gorae (Whale) gas field D in the 6-1S block, [...]