
This undated picture reveals the oil and gasoline exploration undertaking within the East Sea, Korea. Courtesy of Korea Nationwide Oil
A U.S. geoscience analysis firm has made a report on the potential discovery of 14 extra oil and gasoline reserves in Korea’s East Sea amid an ongoing fossil gasoline exploration undertaking within the space, officers stated Monday.
Act-Geo, the U.S. agency behind Seoul’s oil exploration undertaking within the East Sea, just lately reported such a risk to the Korea Nationwide Oil (KNOC), based on the officers from the KNOC and the Ministry of Commerce, Trade and Power.
The findings are but to be confirmed because the preliminary report must undergo an extra verification course of with native and overseas consultants.
Within the report, Act-Geo stated it has discovered 14 extra oil and gasoline prospects within the East Sea, with potential deposits of between 680 million barrels and 5.17 billion barrels of oil and gasoline, based on the officers.
The prospect with the biggest potential power reserve of 1.29 billion barrels has been named the Goblin Shark.
Final 12 months, the U.S. agency additionally reported the potential discovery of seven fossil gasoline reserves that would maintain as much as 14 billion barrels of gasoline and oil, together with the one broadly often called Blue Whale.
Korea kicked off its first exploratory drilling into the Blue Whale prospect in December and plans to announce the outcomes round Could or June. (Yonhap)