Entering into the E & P Business in Korea
           Basically, the Ministry of Commerce, Industry and Energy (MOCIE) grants to the companies the exclusive right to explore for petroleum in the offshore Korean block.
 
           KNOC (Government-owned oil company) handles hydrocarbon exploration and production in Korea, either directly or through contracts with other companies.
 
           Companies considering entering into a Concession Agreement should express their interest by sending a letter or e-mail to KNOC to expedite consulting technical information - seismic sections, well logs, etc - at KNOC Data Room.

 
   

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Last Update: 8 August 2002
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