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Challenging the impossible –Challenging the world –Increasing the value of Korea National Oil Corporation by taking biggersteps for greater KoreaA company that creates value beyond energyCreating Value, Beyond EnergyKorea National Oil Corporation¡®Creating Value, Beyond Energy. Global KNOC¡¯After oil crises in the 70s, the Korea National Oil Corporation wasestablished in 1979 as a part of the government¡¯s efforts to secure stablesupply of oil.In 1998, by discovering gas for the first time in Korea, KNOC enabledKorea to be ranked as the world¡¯s 95th oil producing nation.To transform Korea from the world¡¯s 5th largest importer of energy and8th 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 vastocean and the distant corners of the planet, it strives to find oil. In thedistant locations, KNOC is a little Korea.KNOC is stretching further to the corner of the globe to become a majorglobal player in the energy industry.Since 2008, KNOC has grown fourfold through series of asset acquisitionsand 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 Leagueof the oil industry. Also, it successfully made inroads into unconventionaloil 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 strengtheningthe technical expertise through innovation driven exploration process.It is expanding a global network by establishing strategic partnerships withmajor national oil companies.The people who prepare for tomorrow –The passion to secure more energy for the future, fills Korea with hopeOur dignity for a brighter future and a greater Korea isInitiated by Korean Government¡¯s ambitious vision.KNOC is expanding its business arenas to discover new potentials in the oilindustry.KNOC built world-class stockpile facilities in Ulsan, Geoje, Yeosu that couldreserve146million barrels of oil equivalent. The reserved oil isused tostabilize Korea¡¯s energy supply. Furthermore, KNOC seeks out new businessopportunities in the marketing of profit oil as well as the joint internationalstockpiling of oil.utilizes Korea¡¯s geographical advantages to contribute to NortheasternAsia¡¯s oil logistics, and the Economical Gas Station project for stabilizingoil distribution in Korea¡¯s domestic market.Uncertainty comes with new challenges.But not attempting to change poses greater risks in the time ofuncertainty.KNOC embraces new challenges to evolve.Through challenges for tomorrow,We discover greater possibilities.KNOC is discovering growth engines for continued innovation and for thesocial responsibilities.To secure state of art exploration technology in oil business, KNOC isputting utmost effort to enhance technical competencies of the in-housetechnical staff.Through comprehensive oil information network ¡°petronet¡± and the Koreanoil price management system ¡°Opinet¡±, KNOC is becoming an organizationthat specializes in oil industry information, an organization the people ofKorea can trust.Through proactive environment related research activities, ethicalmanagement and social contribution activities for securing energy sourcesin 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´Ý±â
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