Learn about Oilbi's mission, history, and leadership team
Oilbi is a proactive, partner-driven independent energy company focused on developing Tanzania's natural gas resources in a responsible and sustainable way. By doing so, we will continue to drive regional economic growth and support the global energy transition.
Our commitment to excellence, innovation, and sustainable practices positions us as a key player in Tanzania's energy sector, contributing to both local development and global energy security.
Started African business in Namibia and Republic of Congo under the name 'Apex Group'
Apex Group set up office in Dar es Salaam to initiate offshore natural gas development in Tanzania
Consortium of BG Group and Ophir energy discovered large gas field named Papa in offshore Block 3
Apex Group changed its name to 'Oilbi'
Oilbi secured 100% operational control of Block 3 and drafted model PSA for Block 2R and Block 3
Commissioned GE and Baker Hughes for preliminary feasibility study and basic design for LNG plant
PSA between Oilbi and Tanzanian government is in final stage, ready for signing
We are committed to generating a high rate of return for our investors through a stable and highly profitable project
We prioritize environmental stewardship by integrating advanced, eco-friendly technologies like Carbon Capture & Storage(CCS)
We believe in giving back to the community through job creation, skills development, and infrastructure improvement
Our vision is to become one of the leading LNG producer in East Africa, establishing Tanzania as a vital hub for the region's energy transition and economic development.
Founder & Chairman
Born in Seoul Korea in 1952. After graduating from high school in Korea moved to the United States. His decades of business experience in Africa and long-term dedication to Tanzania's energy sector provide Oilbi with invaluable local insight and strong government relationships.
Representative and CEO/Board member of Oilbi Ltd.
Born in 1961, in Korea. Former diplomat. Joined Foreign Ministry in 1991. His international experience enables Oilbi to build effective global partnerships and navigate complex project development.