The Korea National Oil Corporation(韩国国家石油公司,简称KNOC) is the largest entity in the country's upstream sector with a daily production capacity of 50 thousand bbl/d in 2009 at its overseas production sites. KNOC has executed its strategic plan to develop into a top-50 oil company by 2012 with a production capacity of 300 thousand bbl/d and 2 billion barrels of oil and gas reserves. KNOC has pursued this goal through both acquisitions of overseas companies as well as cooperation with major international and national oil companies.