Pohang City and Korea National Oil Corporation Open Mutual Development Cooperation Center... First Step in Joint Gas Field Development

Mutual Cooperation for Development of Deep-sea Gas Field in East Sea and Regional Growth... Field Office Established in Pohang

Joint Efforts for Successful Gas Field Development and Revitalization of Yeongilman Port

Pohang City held an unveiling ceremony for the 'Korea National Oil Corporation-Pohang Mutual Development Cooperation Center' at the City Hall Council Building on the 5th.

On the 5th, Pohang City held a plaque ceremony for the "Korea National Oil Corporation-Pohang Mutual Development Cooperation Center" at the city hall.

The ceremony was attended by Mayor Lee Kangdeok, Korea National Oil Corporation President Kim Dongseop, Gyeongbuk East Coast Regional Headquarters Chief Lee Youngseok, City Council Chairman Kim Ilman, Pohang Regional Maritime Affairs Office Chief Lim Younghun, PICT (Pohang Yeongil New Port) President Min Kyungsoo, as well as local city and provincial council members.

On July 18, the city signed an MOU with Gyeongbuk Province and Korea National Oil Corporation for 'East Sea Deepwater Gas Field Development and Regional Development Cooperation,' and agreed to establish a KNOC field office in Pohang to ensure smooth communication and mutual growth.

As the first step in implementing this agreement, Korea National Oil Corporation opened the 'Mutual Development Cooperation Center' as a field office concept in the basement level of the City Hall Council Building, initiating full-scale consultations and local communication.

The Cooperation Center will serve as a field office to gather opinions on current issues related to the East Sea Deepwater Gas Field development and to seek ways to collaborate for regional growth.

Two to four employees from the KNOC headquarters will operate the center on a rotational basis, with team-specific workdays assigned.

To promote local co-prosperity activities, the corporation plans to actively collaborate with Pohang City and Gyeongbuk Province, and will flexibly add personnel as new issues and matters arise.

Most importantly, the Mutual Development Cooperation Center is expected to play a pivotal role in actively communicating and proactively resolving civil complaints related to the success of the East Sea Deepwater Gas Field development, revitalization of Yeongilman Port, earthquake issues in Pohang, and fisheries rights compensation.

At the ceremony, Korea National Oil Corporation donated 10 million won to support the energy-vulnerable groups in the Pohang area.

Korea National Oil Corporation donated 10 million won to support energy-vulnerable groups in the Pohang area.

Kim Dongseop, President of Korea National Oil Corporation, said, "I am grateful that the business agreement for regional development is being steadily implemented with the help of Pohang City and Gyeongbuk Province," and added, "Through the East Sea Deepwater Gas Field development project, we will work together so that both the corporation and the local community can thrive."

Mayor Lee Kangdeok said, "I welcome the opening of the Mutual Development Cooperation Center as the first step for the development of the East Sea Deepwater Gas Field and regional co-prosperity, and we will make every effort to ensure that Korea National Oil Corporation and Gyeongbuk Province can play a successful partnership role in leading regional development," adding, "I request active and practical cooperation from Korea National Oil Corporation so that Yeongilman Port can stand at the center of the successful drilling of the East Sea Deepwater Gas Field."