• Business


As a key driving force for our growth, we are developing oil and gas resources both domestically and globally in such areas as Block 11-2 in Vietnam, Block 8 in Peru, and Donghae-2 gas field in Korea, as well as the gas field in Myanmar that involves all stages of Exploration & Production (E&P), from exploration and development to production and sales.
Myanmar Gas Field
The largest overseas resource development project undertaken by a privately-owned Korean company
Since signing the production-sharing contract for Block A-1 in the western offshore of Myanmar in 2000, we have achieved significant milestones including gas discoveries in Shwe field in 2004, Shwe Phyu field in 2005, and Mya field in Block A-3 in 2006. This project is the pinnacle of nearly 13 years of effort, including the achievement of the first gas production in June 2013. It signifies the largest overseas resource development project undertaken by a domestic private company. The gas produced from the Shwe, Shwe Phyu, and Mya gas fields is supplied to Myanmar and China through a 793km-long onshore gas pipeline that extends to the Myanmar-China border, providing an average daily volume of 500 million cubic feet. To secure additional production capacity, we initiated the Phase 2 development project beginning with the EPCIC work in July 2018. By August 2022, the project successfully finalized production well drilling, completion, and offshore installation work, and currently maintains the stable production and supply of gas. In February 2021, as part of the Phase 3 development project, we carried out EPCIC for installing a gas compression platform to produce low-pressure gas from the reservoir, which will be installed in the offshore area of Myanmar by 2024
Participating Year 2000 (production started in June 2013)
Stake 51% (operator)
Area 5,560km2
Participating Companies ONGC Videsh (India's state-owned petroleum company), MOGE (Myanmar's state-owned petroleum gas company), GAIL (India's state-owned gas company), Korea Gas Corporation (KOGAS)
Australia's SENEX ENERGY
First Step for Steady Expansion of Gas Field Business and Energy Transition
As of 2022, we became the majority shareholder with a 50.1% stake after jointly acquiring the energy company, Senex Energy, in eastern Australia in partnership with Australia's Hancock Energy. Ranked fifth in Australia's oil and gas sector, Senex Energy owns two producing gas fields (Atlas and Roma North) and two exploration blocks (Artemis and Rockybar) located onshore in Queensland. We are optimizing development plans and actively managing the gas field business to ensure stable expansion and continued operations. Additionally, apart from its core business, we are closely collaborating with Senex Energy to achieve carbon neutrality and undertake eco-friendly energy projects, such as green hydrogen production.
Continued Efforts to Secure New Mining Rights and Accelerate the Development of Mines
We are evaluating the prospect of the PM524 exploration block located offshore Malaysia in collaboration with the state-owned oil and gas company Petronas Carigali.

Participating Year November 2021
Stake 80% (operator)
Area 4,446km2
Participating Company Petronas Carigali (Malaysia’s state-owned oil and gas company)
We have conducted a joint survey in Bunga located in the eastern offshore of Java, Indonesia, together with the state-owned oil and gas company Pertamina. We plan to establish a long-term collaborative relationship leading to production through the acquisition of exploration rights in the Bunga block.

Participating Year June 2021
Stake 50% (operator)
Area 8,500km2
Participating Company PHE (Pertamina Hulu Energi, a subsidiary 100% owned by Pertamina)