SK Earthon has 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 reserves
In a keynote address for the Energy & Mineral Resources Development Symposium 2021 held in Seoul Dragon City Hotel, Yongsan-gu, Seoul, on Dec. 9, 2021, CEO Myeong Seong of SK Earthon announced that SK Earthon will fully implement Green Transformation strategies to achieve carbon neutrality in its overseas resources development projects.
The Energy & Mineral Resources Development Symposium brought together representatives from government, industry, and academia to discuss the changes and the future of overseas resource development.
This year’s symposium, themed “Overseas resources development in the era of carbon neutrality,” offered discussion sessions in the areas of ▲ resources development ▲ CCS (carbon capture & storage) and hydro energy, ▲ international cooperation, to name a few.
“SK Earthon will establish a business model of the virtuous cycle that leads from the beginning to the end of the value chains of carbon-based petroleum Exploration & Production (E&P) business,” said SK Earthon CEO Myeong in his keynote speech.
“We will strengthen the competitiveness of the existing E&P business with a particular emphasis on Asian regions such as China and Vietnam by linking an operation method that minimizes carbon emissions in the entire exploration, development, and production processes and others with SK Earthon’s E&P business competencies and knowhow accumulated for 39 years,” he added.
SK Earthon predicted that by implementing carbon reduction operating techniques such as carbon dioxide (CO2) reduction designs, a more efficient operation method for production facilities, and unmanned operation, the company will be able to reduce carbon emissions by 35% from their current level