President & CEO Kim Dong-sub of the Korea National Oil Corporation (KNOC) tapped in early June this year said, “I will try to do my level best to improve the revenue and financial status of the organization.” An expert on oil with a doctor’s degree from the Ohio State University, CEO Kim then stated, “It is also my ardent desire to make KNCO an organization enjoying the full trust of the people.”
According to Wikipedia, KNOC is one of the most important industrial companies in Korea operating oil and gas fields in Vietnam, Libya, Peru, Indonesia, Nigeria, Yemen, Kazakhstan, Russia and Canada—as well as Korea.
KNOC is known to have oil reserves of around 600 million barrels (95,000,000 m3) and gas reserves of 10 billion square meters.
On Sept. 26, 2008, KNOC signed a deal with the Kurdistan Regional Government where KNOC was granted rights to explore and drill on several sites in the Iraqi Kurdistan in exchange for valuable support on a range of infrastructure projects.
In 2009, KNOC purchased Harvest Operations, along with its subsidiary North Atlantic Refining and its refinery in Come By Chance, Newfoundland and Labrador.
On July 2, 2010, KNOC confirmed preliminary discussions regarding a possible cash offer for the entire issued and to-be-issued share capital of Dana Petroleum.
According to the company announcements, KNOC is committed to becoming a company with local trust and global leadership.
As a key player in ensuring ‘National Energy Security,’ KNOC expands exploration of Donghae Gas Field and operates nine oil stockpiling bases containing 97 million barrels of oil, which is equivalent to 95 days of oil imports.
KNOC is pioneering the Carbon Capture and Storage business in Korea to keep pace with the era of ‘Carbon Neutrality,’ tapping into its capabilities and experience in the field of resource development. KNOC also aims to build new growth momentum in the renewable energy sector by converting the Donghae Gas Field into an offshore wind farm.
KNOC is know also to be establishing a smart work environment suitable for the era of the 4th Industrial Revolution.
KNOC, according to the company public relations materials, is now committing itself to becoming a company trusted by the people and a global role model across the world.
KNOC was founded in 1979 to secure a reliable supply of oil in the wake of two oil shocks that took place in the 1970s.
Since the mid-1980s, KNOC has been running oil development projects at home and abroad by pursuing independent capabilities in oil exploration. This has put Korea among the ranks of the world’s oil producers by successfully completing the Donghae Gas Field project in 1988. Currently, KNOC has oil field development projects in 17 countries.
Brief personal data of CEO Dong Sub Kim:
President & CEO, Korea National Oil Corporation (June 2021 to date)
Dean, College of Information-Bio Convergence Engineering, Ulsan National Institute of Science and Technology (2016~2021)
CTO & President of Global Technology, SK Innovation (2009~2015)
Regional Manager, Shell Global Solutions, Asia Pacific Region (1990~2009)
Ph. D, College of Engineering, Ohio State University (1989)
M.S. Department of Naval Architecture and Ocean Engineering, Seoul National University (1981)
B.S. Department of Naval Architecture and Ocean Engineering, Seoul National University (1979)
Completed the Global Energy Seminar Program at Harvard Business School (2011)
Completed the Wharton School Shell-Wharton Leadership Program, University of Pennsylvania (2008)
Citation from the Ministry of SMEs and Startups (2021)
Republic of Korea Industrial Service Medal (2007)
API Achievement Award (2003)
Ohio State University Distinguished Alumni Award (1998)
Kim has a total of 37 years of experience in Technology Management and Business Development in Oil & Gas, petrochemical and renewable energy business in the industry and academia. Since joining UNIST, he leads School of Management Engineering as Dean and head of Institute for the 4th Industrial Revolution. He works with various organizations internationally. His experience in industry as well as in academia brings unique perspective in managing/developing business.
Kim joined SK Innovation, the largest oil and petrochemical company in Korea, as head of the R&D center. The company has 1.2 million B/D distilling capacity with related downstream petrochemical complexes and E&P units worldwide. He later promoted to President of Technology and CTO. During his tenure, he set up Li-ion Battery business and Solar PV Business for SK. He also initiated developing many projects for E&P, Refining and chemical including GreenPol (CO2 based plastics), fuel cell, CIGS PV, catalytic cracking olefins, Advanced Li-ion and EOR (enhanced oil recovery).
Prior to joining SKI, Kim worked for Royal Dutch Shell for 20 years in shale oil/gas, unconventional oil recovery, Fitness for Service, Welding and materials joining as a team leader, technical advisor. He became Regional manager for the Asia-Pacific Regional Engineering & Technology at Kuala Lumpur and was responsible for 8 engineering departments.
His working experience in the United States, Korea and Malaysia has brought him awareness of cultural diversity and how to work effectively globally.