SK Earthon
SK Earthon signs Production Sharing Contract for Block SK 427 offshore Malaysia with Petronas and PSEP
2022.04.24
■ SK Earthon acquired 85% shares and operatorship of Block SK 427 offshore Sarawak, Malaysia, and signed a Production Sharing Contract (PSC) with Petronas and PSEP on April 22. – Proving its position as one of the best petroleum developers with technical excellence in the region, securing a bridgehead for its mid- and long-term business ...
SK Earthon Hochiminh Branch is the first to join EnviRun Plogging Week in 2022 among overseas business sites of SK Innovation
2022.04.22
▲ On April 21 (local time), members of SK Earthon Hochiminh Branch participate in plogging activities in District 1, Ho Chi Minh City, Vietnam as part of SK Innovation’s EnviRun Plogging Week   On April 21st (local time), SK Earthon Hochiminh Branch (hereafter SKEO HCM) took part in plogging activities in Vietnam. With this participation, ...
[Interview] SK Innovation executives talk about plans in 2022, the first year of Financial Story execution ⑨ CEO of SK Earthon Myeong Seong: “We will innovate the CCS business model and evolve into a CO2 minimizing operator”
2022.03.08
▲ Myeong Seong, CEO of SK Earthon   Q1. 2022 is the first year that SK Earthon operates as an independent corporation after the spin-off from SK Innovation in last October. So first of all, we’d like to know your determination for this year.   SK Earthon is currently at the turning point of innovation ...
CEO of SK Earthon Myeong Seong proposes Green Transformation to realize carbon neutrality at Energy & Mineral Resources Development Symposium
2021.12.09
■ Energy & Mineral Resources Development Symposium held on Dec. 9, 2021, under the theme of “Overseas resource development in the era of carbon neutrality” ■ SK Earthon proposed to sharpen the competitive edge of E&P business with carbon reduction operation, and secure technology specialized in CCS business & expedite excavating the domestic and overseas ...
[Interview] CEO of SK Earthon Myeong Seong: “SK Earthon is building a practical platform for implementing the Net Zero strategy”
2021.10.26
▲ SK Earthon CEO Myeong Seong   On October 1st, 2021, SK Innovation’s E&P (Exploration and Production) Business has officially become an independent company with new corporate name: SK Earthon. “Earthon” is a coined word combining “earth” for “the globe” or “terrain”, and “on” for “continuation”. SK Earthon connotes the message of “Realizing the value of ...
SK Innovation’s Battery and Exploration & Production Businesses officially set off as two independent companies
2021.10.01
■ Establishing a system to ensure independent management by businesses, seeking to maximize business/corporate value by laying a solid foundation for future growth ■ Company names ‘SK On’ were confirmed for battery and ‘SK Earthon’ for E&P businesses, reflecting ESG and global growth – President of Battery business Jee Dong-seob and President of E&P business Myeong Seong appointed ...
SK Innovation Ulsan CLX to be the first in Korea to apply eco-friendly pyrolysis oil in refinery&petrochemical process
2021.09.30
■ Set off to introduce pyrolysis oil to processes from late September with an eye on establishing a circular economy for plastic waste – Converting plastic waste to eco-friendly fuel oil utilizing a post-processing technology for removing impurities is part of the company’s Green Transformation strategy ■ Interests and support from the government such as the MOTIE ...
SK Innovation confirms to spin-off battery and E&P divisions, to be inaugurated on October 1st respectively
2021.09.16
■ The agenda to separate the battery and oil exploration & production (E&P) businesses was passed at a 80.2% of approval rate at the extraordinary shareholders’ meeting today – The decision will unleash the potential and lay the foundation for the growth of the company’s battery and oil exploration and production businesses (E&P)   ■ ...
SK Innovation to spin off battery business and E&P business
2021.08.04
■ Board of Directors (BOD) decided to spin off the battery business and E&P business for green growth and increasing enterprise value – The approval is to take place in the extraordinary general meeting on September 16th, companies will officially be set up starting October 1st ■ SK Innovation to raise the enterprise value as ...
SK Innovation takes over the operatorship of Block 16-2 offshore Vietnam
2020.07.29
  SK Innovation has officially become the operator of Block 16-2 off southern Vietnam after completing the acquisition of 70% equity stake on July 21st. In order to reach this operatorship, previously SK Innovation had signed a Farmout Agreement (FOA) with the Vietnamese state-run company PetroVietnam Exploration Production Corporation (PVEP) in October last year, and ...
SK Innovation Additionally Discovers Crude Oil by Exploring Block 15-1/05 Located in the Sea off Southeastern Vietnam
2019.05.02
  In the process of exploring block 15-1/05 in the sea off southeastern Vietnam, SK Innovation additionally discovered crude oil.   SK Innovation drilled about 4,295 m in depth from early March in block 15-1/05 of Vietnam called the Lac Da Trang (meaning white camel) field. In the process, an oil layer with a total ...