ActGeo, a U.S. deep-sea technology evaluation specialist responsible for the in-depth analysis of the physical exploration of the Yeongilman Sea off Pohang, will visit Korea. Victor Abreu, the CEO of ActGeo, who led the analysis of the physical exploration of the Yeongilman Sea off Pohang, North Gyeongsang Province, is set to arrive in Korea on the 5th.,
The drilling ship ‘West Capella,’ which will be involved in genetic exploration of the Yeongilman area in Pohang starting at the end of this year. Capture from Seadrill’s website., ‘Amid doubts about the reality of the company based on its address, number of employees, and scale, the visit of CEO Abreu is seen as an effort to bolster confidence in the company and analysis results.’,
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, ‘According to the Ministry of Trade, Industry and Energy and the Korea National Oil Corporation on the 5th, CEO Abreu will arrive in Korea through Incheon International Airport at 11 a.m. on the same day. He plans to meet with government officials and relevant domestic agencies and hold a press conference on the 7th to explain the analysis results of the Yeongilman pit.’,
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, ‘ MobileAdNew center ‘, ‘Earlier on the 3rd, President Yoon Seok-youl announced that there is a possibility of up to 140 billion barrels of oil and gas deposits in the Yeongilman area, Pohang, and that he will launch a full-scale exploration drilling. In relation to this, he relied on the analysis of ActGeo, a deep-sea evaluation specialist based in Houston, Texas, USA.’,
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, ‘The government introduced ActGeo as having “a team of experts with abundant experience in deep-sea evaluation, and CEO Victor Abreu, a former president of the United States Deposition Society and former head of the ExxoMobil Geological Group, is a global authority on deep-sea regional exploration.”‘,
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, ‘Meanwhile, online claims have been raised that ActGeo’s headquarters, found through Google Maps, is a residential house in Houston. According to LinkedIn, ActGeo has only 2 to 10 employees, leading to suspicions online that ActGeo may be a ‘paper company’.’,
Victor Abreu, CEO of ActGeo. Source: ActGeo website, ‘In response, Second Vice Minister Choi Nam-ho of the Ministry of Trade, Industry and Energy stated on a radio broadcast, “Although ActGeo’s overall scale is small, it has the largest number of experts in geological data analysis related to the deep sea.” He explained, “CEO Abreu, who has served as head of the ExxoMobil group and president of the American Deposition Society, has a high level of credibility regarding data.”‘,
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, ‘CEO Abreu also directly addressed the suspicions surrounding ActGeo. In an interview conducted via the merger news and SNS messenger on a flight to Korea, CEO Abreu explained, “We work with major companies such as ExxoMobil, Total, Apache, Hess, CNOOC (China National Offshore Oil Corporation), POSCO, YPF (Argentinian state-owned energy company), Pluspetrol, and Tullow, and have a high reputation in the industry.”‘,
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, ‘ MobileAdNew center ‘, ‘Regarding the company’s size, he said, “We are a ‘niche’ company specializing in global deep-sea reservoir exploration, and in comparison to traditional consulting firms, we are small in size.” He added, “Our business strategy involves moving agilely, without owning buildings or having several vice presidents.”‘,
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, ‘He further emphasized his background, stating, “After retiring as a senior executive at ExxoMobil and starting as a consultant in 2015, I have been involved in deep-sea projects worldwide and have worked on-site in over 50 locations around the world in the petroleum industry for nearly 40 years.”\n’]