W&T Offshore, KNOC Form Partnership to Pursue JV Opportunities

Through a non-binding MOU, W&T Offshore and KNOC will explore potential joint ventures in upstream oil and gas as well as opportunities related to energy transition and the reduction of global carbon emissions.

Hart Energy Staff

W&T Offshore Inc. recently teamed up with state-owned Korea National Oil Corp. (KNOC) to pursue potential joint venture (JV) opportunities along the energy value chain in North America.

“We are pleased to announce this strategic agreement with Korea National Oil Corporation that will allow both companies the chance to jointly consider attractive opportunities that can be made even more successful by combining our strengths and working together,” Tracy W. Krohn, chairman and CEO of Houston-based W&T, commented in a company release on May 2.

KNOC is the government-owned national oil and gas company of South Korea and one of the most important energy and industrial companies in Korea, according to the release.

Already have an account? Log In

Sign up for FREE access to view this article now!

Unlock Free Access