S. Korean hydrocarbon output to start in 2002

04/17/2000
South Korea has taken another step toward the ranks of countries with commercial hydrocarbon production.State-owned Korea National Oil Corp. (formerly PEDCO) is preparing to bring on stream Donghae-1 (formerly known as Gorae) gas field in the Ulleung basin 60 km off Ulsan.The field, on Block 6-1 on the Korean continental shelf, was confirmed as commercial after two appraisal wells were drilled.Donghae-1 is estimated to have 250-300 bcf of gas in place. Reserves are pegged at 170-200 bcf-the equivalent of 4-5 months of South Korea's consumption of LNG imports.First commercial production of natural gas is slated to begin in July 2002, according to KNOC. Production plans include the des...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected