Gas discovery reported off South Korea

Feb. 21, 2006
South Korea's Korea National Oil Corp. is reported to have made another gas discovery in the Donghae 6-1 area of the Sea of Japan.

Eric Watkins
Senior Correspondent

LOS ANGELES, Feb. 21 -- South Korea's Korea National Oil Corp. is reported to have made another gas discovery in the Donghae 6-1 area of the Sea of Japan.

The discovery is 75 km southeast of Ulsan, smaller than the Donghae 1 discovery but close enough to be developed with the earlier find (OGJ, Feb. 10, 2003, Newsletter).

The state-owned firm said a pipeline could be built to connect the two fields. Detailed analysis of the gas find will start in March.

Contact Eric Watkins at [email protected].