DNV to cooperate with Korea National Oil Corporation on EHSQ

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Seoul: DNV and Korea National Oil Corporation (KNOC), a state-run oil company in South Korea, have agreed to cooperate on environment, health, safety and quality management system enhancement.

On 13 April, 2012, DNV has signed an MOU with Korea National Oil Corporation (KNOC) to cooperate on improving KNOC’s environment, health, safety and quality (EHSQ) management system and safety culture.
Based on this MOU, DNV will organise a series of HSE conferences, inviting DNV’s HSE specialists from various regions, sharing its experience and know-how on SHE risk assessment and how to establish a safe and sustainable business environment. Furthermore, DNV has agreed to provide KNOC with training programmes to enhance KNOC’s safety culture and SHE management technology.

As the government-controlled oil company and the only organisation that runs energy projects on behalf of the Korean government, KNOC has continuously acquired foreign oil companies in order to expand its presence in the global energy market and invested considerably in international exploration and development.

Especially since safety issues were highlighted after the Gulf of Mexico crisis, KNOC has tried to strengthen its competence in the EHSQ area by recruiting HSE specialists outside the country and emphasising the importance of safe and environmental operations.

“This is a very encouraging opportunity for DNV to provide its expertise to the national energy company in Korea. With this agreement on long-term cooperation with KNOC in the ESHQ area, DNV will help to enhance KNOC’s EHSQ management system to another advanced level and assist the company to grow further in the international energy market,” says Mr Jon Rysst, Regional Manager for DNV Korea & Japan.

About DNV and DNV in Korea
DNV is a global provider of risk management services with the purpose of safeguarding life, property and the environment. Organised as an independent, autonomous foundation, DNV balances the needs of business and society, based on its independence and integrity. Established in 1864, the company has a global presence with a network of 300 offices in 100 countries, and is headquartered in Oslo, Norway. Its prime assets are the knowledge and expertise of its 9,000 employees from more than 80 nations.
DNV established its office in Korea in the late 1970s when the shipbuilding industry has started to grow. Now offering maritime classification, consulting services in energy and renewable energy sectors, and business assurance services, DNV in Korea has 350 employees working in five major cities.

About KNOC
KNOC was established in 1979, after the two oil crises of the 1970s, in order to ensure a stable oil supply for Korea. It is a state-run oil company and carries out energy projects on behalf of the Korean government which private companies cannot perform as there is still structural vulnerability due to possible oil crisis.

Since the 1990s, the corporation has actively engaged in overseas oil projects. At the end of February 2011, it was carrying out 191 projects in 25 countries. KNOC has a storage capacity of 146 million barrels by operating nine petroleum stockpiling bases around the nation, enabling it to respond effectively to significant shifts in oil supply and demand. Furthermore, KNOC is securing next-generation energy sources by carrying out extensive activities, such as exploring the polar regions, remote areas and deep seas and doing research on oil sand, a non-traditional source of petroleum.

For more information or if you have any questions, please contact:
Sun Young (Sunny) Park
Communication Manager, DNV Korea & Japan
Office: +82 2 705 7011
Mobile: +82 105400 6362
Email: Sun.Young.Park@dnv.com

Date: 13 April, 2012
Author: Sun Young (Sunny) Park, Communication Manager, DNV Korea & Japan
Source: DNV