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Korean consortium(KNOC, GS Energy) signed a contract with ADNOC to develop the untapped oil blocks in Abu Dhabi, the UAE on March 2012.
With a precise evaluation in 2018, Oil reserves at 227 million barrels, promoted from 75 million barrels at the time of the discovery.
KNOC achieved first oil production on June 2019, and it is expected to be produced 40,000 BOPD in recent years.
* BOPD : Barrels of Oil Per Day
Successful exploration, development and production process with the technology of the Korean consortium
Raise energy security by making the oil importable into Korea even when the Hormuz Strait is blocked.
First visible achievement after strengthening the Korea-UAE relationship to a strategic partnership
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| Signing on |
Reserves |
Stakes |
Operator |
| March 5, 2012 |
227 million barrels1) |
ADNOC 60% KADOC2) 40% |
Joint operation(Al Dhafra) |
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1) (The consortium’s share : 91 million barrels)
2) Korean Consortium (KNOC 30%, GS Energy 10%)
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Department Contacts Updated
| Updated : 2021-12-31 |
Department : E&P-Asia Business Dept. |
Contacts : +82)52-216-3229 |
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