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| Home > Business Divisions
> Oil, Gas &
Mining > Introduction |
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It is
indeed for each nation in the world to be at war without a gun
shot for securing energy resources.
Internationally the competition of securing energy resources has
been intensified. Among consumed oil and gas yearly in Korea, the
independent development rate, which stands for the amount of
resources introduced by Korean companies, is presently no more
than 3% on August, 2007.
UI Energy Corporation
does its best at overseas energy development business for securing
the sovereign authority of energy leading to various fields of mineral
resources development such as strategic investment, efficient
operation and management, and exploitation of new market about
overseas oil and gas field.
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UI Energy
Corporation is making progress in various overseas energy development project through
cooperating with internal and external special institutions and global oil exploration companies,
which hold best technology, not only from North America areas where the circumstances
of energy development are satisfactory, but also to Middle East areas including Iraq where
were difficult for Korean companies to enter into by geopolitical and political problems.
Initially, UI Energy Corporation entered into North America areas where exploration and development circumstances for petroleum resources are extremely distinguished. Expected recovery of a resources development is the end of 2007. As entering a global stage, the mid and long term plan is to maximize our result by entering into energy development business in the Middle East, Africa, North Sea, Australia, and South-East Asia where High Risk and High Return are expected. Only final touch is remained for a multinational consortium oil field development promoted since 2006 in the Kurdistan region in the Northern Iraq
UI Energy Corporation will advance as a trusted expert of a world energy Business Division with efficient investment strategies and fast decision makings. |
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Conclusion the exclusive agreement with CMI for exploration, development and production of overseas oil and natural gas
According to secure a definite promise about all support and supply of advise for new business in Iraq, UI Energy Corporation will participate into the consortium led by U.S.A and acquire the initiative of oil development business.
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 Division : Energy Development Business |
F A X : +82-2-541-1163 |
| Name : General Manager S.E Lee |
E-Mail : selee@uienergy.co.kr |
| Tel : +82-2-3445-5586 |
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