SK earthon, the energy exploration unit of Korea's SK Group, said Thursday it has won exploration rights to two offshore oil and gas blocks in Indonesia.
SK Earthon, an oil drilling subsidiary of SK Innovation, said that a partner company hit 370 feet of net pay in an oil exploration well off the coast of Vietnam.
SK Earthon has secured rights to explore the Ketapu Cluster in Sarawak, Malaysia, controlling 85% of the site, which holds significant oil and gas reserves.
SK Earthon acquired exploration rights to offshore carbon dioxide storage in Australia, partnering with InCapture and CarbonCQ.
SK Earthon, SK Innovation's subsidiary, has started crude oil production in China's South China Sea, marking its first full-scale exploration and production project.
Samsung Engineering and five other Korean companies signed a memorandum of understanding with Malaysia’s state energy company to establish a carbon value chain between the two countries, the companies said Wednesday.
The oil exploration and production (E&P) business is considered one of the main contributors to global carbon emissions.
SK On, a battery company, and SK Earthon, a petroleum exploration company, were split off from SK Innovation on Oct. 1
Korea JoongAng Daily Sitemap
