W&T Offshore has signed an agreement with Korea National Oil Corp. (KNOC) to jointly consider and pursue various opportunities in upstream oil and gas as well as other potential joint-venture opportunities along the energy-value chain in North America.
The agreement allows both parties to collectively explore potential collaboration as it relates to technical and operational aspects of upstream oil and gas, as well as jointly evaluate and consider potential acquisitions and other new business opportunities that both parties agree to be of interest, such as opportunities related to energy transition and the reduction of global carbon emissions.
The agreement allows the companies to leverage their respective strengths and expertise in the evaluation and the future pursuit and development of energy and other projects in North America.
“KNOC is a well known and respected company in our industry and it shares our goal of being an industry leader in the future o