Korea National Oil Corporation

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(As of December 2021)

Phase	Block	Operator	Korea ?s Share (%)	KNOC ?s Share (%)	Korean Participant
Production	Onado	CVP	5.64	5.64	KNOC

Onado is a 158.9 square kilometer wide production block located in the Maturin basin in central Vanezuela. Under a joint venture contract with Petronado S.A., PDVSA of Venezuela, CGC of Argentina, Petroamazonas of Ecuador, and KNOC own stakes of 60%, 26.004%, 8.356%, and 5.640%, respectively. Initial Production began in 1971 and the average daily production stood at 0.2 mboed as of 2021.