CPC Corporation
Sinyi District, Taipei City 11011
Taiwan (R.O.C.)
Tel: 886 2 8789 8989
CPC Exploration & Production Business Division
No.140, Zhongzheng Rd.
Miaoli City, Miaoli County 360
Taiwan (R.O.C.)
Tel: 886 37 262100
As Taiwan’s state-owned enterprise and the largest energy group, CPC is responsible for ensuring the nation’s energy security, supplying oil and gas, stabilizing prices, and securing the sustainable development of the national economy and people’s livelihood, as well as promoting economic development. At the same time, it continues to foster an international outlook. Currently, it has exploration cooperation agreements with international oil companies in a total of eight blocks in six countries.
Guided by Taiwan’s New Southbound Policy, CPC is also seeking opportunities for oil and gas joint venture projects in Southeast Asian countries, and is studying and assessing whether Indonesia, Malaysia, Myanmar and other countries have suitable oil and gas potential areas for further foreign investment. The company is also actively considering acquiring U.S. shale assets through joint ventures or mergers and acquisitions.
In order to improve its overall strategic positioning and stay in alignment with the philosophy of 'active expansion, focused development', CPC has adopted exploration strategies that aim to gradually increase its ratio of self-owned and self-controlled energy reserves within the entire sourcing range. Achieving that means, in summary: expanded development of overseas resources while exploiting indigenous resources to maximum capacity; boosting exploration activity through both M&A and partnering for progress; and training and retention of talent.
Assessing energy potential in the Taiwan Strait and East and South China Seas
CPC has joined forces with National Taiwan University and National Cheng Kung University to serve as joint contractors to the Bureau of Mines, MOEA, for the government-mandated assessment of potentially oil and natural gas-bearing structures in the East China Sea and South China Sea. CPC has completed interpretation and comprehensive assessment of 3D seismic data covering 2,196 sq. km in the Taichao contract area and plans to drill one well in the area showing the greatest potential.
KEYFACT Energy