Glimmers of hope seen in North Korean basins, markets

Alex Stewart North Asia Research Associates London Korean contractor's aging Romanian rig drills well No. 401 for SOCO International plc in North Korea. Photo courtesy of SOCO. North Korea and East Asian Basins [164,830 bytes] West Korean Basin Stratigraphy [144,649 bytes] West Korean Basin Cross-Section [77,144 bytes] The view which used to be held in oil circles was that there was not much, if any, commercial oil to be found off North Korea. There were good grounds for thinking so, when local oil companies had searched fruitlessly for many years off South Korea, and when the quality of Soviet-era data available on potential depos...

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