Woodside Energy (Korea) Pte. Ltd., a subsidiary of Woodside Petroleum Ltd., will spud its first exploratory well, Jujak-1, offshore South Korea in the second quarter of 2012.
Woodside Energy (Korea) Pte. Ltd., a subsidiary of Woodside Petroleum Ltd., will spud its first exploratory well, Jujak-1, offshore South Korea in the second quarter of 2012.
Woodside Energy and Korea National Oil Corp. acquired 50-50 interests in early 2007 in a contract that covers Block 8 and the northern part of Block 6-1 in the East Sea 30 km east of P’ohang. The contract area covers 13,000 sq km in 300-2,000 m of water.
The two companies had been studying the Ulleung basin just north of the country’s only producing hydrocarbon area, Donghae-1 gas-condensate field.
About the Author
Alan Petzet
Chief Editor Exploration
Alan Petzet is Chief Editor-Exploration of Oil & Gas Journal in Houston. He is editor of the Weekly E&D Newsletter, emailed to OGJ subscribers, and a regular contributor to the OGJ Online subscriber website.
Petzet joined OGJ in 1981 after 13 years in the Tulsa World business-oil department. He was named OGJ Exploration Editor in 1990. A native of Tulsa, he has a BA in journalism from the University of Tulsa.
