KNOC, Woodside Resume Exploration off East Sea
트위터 페이스북 미투데이
Global News Network
HOME      ABOUT US      NW 기획정보
ARCHIVE      GALLERY      LOGIN
KNOC, Woodside Resume Exploration off East Sea
Obtain rights from Korean government to conduct exploratory drilling in Block 8 and northern portions of Block 6-1

27(Mon), May, 2019




A view of a gas exploration site off East Sea. (Photos: KNOC)



President Yang Su-yeong of Korean National Oil Corp. is seen on an inspection tour of the oil refinery facilities in Ulsan. (Photos: KNOC)



President Yang Su-yeong of the Korea National Oil Corp. (KNOC).




The Korea National Oil Corp. (KNOC) and Australia’s Woodside secured the rights from the Korean government to conduct exploratory drilling in Block 8 and northern portions of Block 6-1 over deep waters off the East Sea, KNOC said.


The two blocks whose exploration rights have been granted covers 12,560 sq. km, an equivalent to about 20-fold of the size of Seoul. They are situated at deep-sea areas between 700 meters and 2,000 meters below the sea level. In 2007, the two companies drilled two exploratory holes. One of the two was found to have gas, but it failed to lead to development due to insufficient feasibility.


The exploration study made an achievement of confirming the existence of turbidite, similar to patterns that have been recently found at massive deep-sea oil and gas fields.


Woodside, recognizing the high probability of the discovery of a massive gas field in the same area, expressed its interest in resuming exploration, and KNOC accepted the offer. Woodside and KNOC have agreed to acquire 50 percent equity in a concession over the blocks.

 
KNOC and Woodside plan to conduct exploratory drilling in earnest for a maximum of 10 years from April this year via three-dimensional seismic exploration and exploration well drilling.


In the meantime, KNOC has identified a promising massive deep-sea structure in the eastern portions of Block 6-1 near Block Donghae-1, which now produces good-quality gas and has completed resources estimation. The corporation plans to attract Korean and foreign investors and conduct exploratory drilling in the second half of 2020.


As exploration of eastern portions of Block Donghae 6-1, northern portions of Block 6-1, and Bock 8 are to be resumed, a KNOC official said that chances are high that a new gas field can be identified following the discovery of the Donghae-1 gas field, allowing Korea to join the rankings of oil producers.




A view of the KNOC building in Ulsan.




   
Most Popular


기사제보      광고문의      구독신청      번역의뢰      업무제휴      PR대행      보도자료      리소스 센터      Previous Site
Copyright(c) 2013 NewsWorld, All right reserved. / 3f, 214, Dasan-ro, Jung-gu, Seoul, Korea 100-456 / http//www.newsworld.co.kr
If you have any question or suggestion, please cuntact us by email: news5028@hanmail.net or call 82-2-2235-6114 / Fax : 82-2-2235-8864
홈페이지와 콘텐트 저작권은 뉴스월드에 있습니다.