2024-06-06 12:55:18
[‘영일만 유전’ 연말 시추]
Arrived yesterday… Tomorrow press convention
“There’s a excessive risk of oil and gasoline reserves… “There was new information, however I can’t say something but.”
Australian oil improvement firm withdraws as “hopeless”… Professional: “Financial feasibility is determined by manufacturing scale”
Dr. Vitor Abreu, who offered the outcomes of an evaluation displaying that oil and gasoline could also be buried within the Yeongil Bay space of Pohang, Gyeongsangbuk-do, stated, “The potential of burial and financial worth is excessive.” He additionally stated, “Though lots of analysis has already been finished, the deep sea has not but been studied in depth.” Specialists consider that because the price is increased as a result of deep sea, the financial feasibility will fluctuate relying on the quantity really buried and the way a lot of it may be extracted and used.
● “There was extra new information”
Dr. Abreu, who entered the nation by Incheon Worldwide Airport on the fifth, answered “sure” to the query, “Do you consider the financial worth of oil reserves as excessive?” He added, “Nevertheless, I can not clarify in additional element as a result of there’s a confidentiality settlement with Korea Nationwide Oil Company.” Dr. Abreu is the founding father of Act-Geo, an American firm that printed evaluation outcomes displaying that as much as 14 billion barrels of oil and gasoline could also be buried within the Yeongil Bay space.
When requested what sort of evaluation the Korean authorities requested, Dr. Abreu answered, “It was a challenge acquired from the Korea Nationwide Oil Company.” He stated, “Principally, we have been requested to guage the potential (useful resource burial) of an underwater basin. It’s a mature basin the place lots of analysis has already been finished, however the deep sea has not been studied in depth but, and there was additionally extra new information.” defined. Blocks 8 and 6-1, the place the opportunity of oil and gasoline deposits have been raised, have been areas the place exploration drilling was carried out a number of instances.
Woodside, an Australian oil improvement firm that had carried out deep-sea exploration and evaluation work with Korea Nationwide Oil Company in Yeongil Bay previous to the ActGeo evaluation, withdrew in January final yr after concluding that exploration work there “can not be considered as promising.” Afterwards, the Korea Nationwide Oil Company confirmed the opportunity of oil and gasoline reserves by entrusting the evaluation to Act Geo once more. An official from the Korea Nationwide Oil Company defined, “A brand new conclusion was reached by entrusting the evaluation to Act Geo primarily based on further information obtained after Woodside’s withdrawal.”
Dr. Abreu stated, “I do know there have been many questions among the many Korean folks after the federal government’s announcement. I got here to Korea to provide the Korean folks clearer solutions about this very, essential challenge.” He additionally stated that the opportunity of 14 billion barrels of oil and gasoline reserves was “extremely seemingly.” Dr. Abreu plans to satisfy with officers from the Ministry of Commerce, Business and Power and Korea Nationwide Oil Company after which maintain a press convention on the seventh. He’s anticipated to reply varied questions, together with the particular foundation for the opportunity of oil and gasoline reserves, by session with the federal government and Korea Nationwide Oil Company. An official from the Korea Nationwide Oil Company stated, “Dr. Abreu and officers from the Korea Institute of Geoscience and Mineral Assets will maintain a joint briefing.”
● “We have to take into account reserves and drilling prices”
Specialists consider that though it’s nonetheless too early to guage financial feasibility, this exploration can be economically viable solely when adequate reserves are secured as it’s carried out in deep waters of round 1,000 meters. Within the case of deep-sea drilling, it prices 100 billion received simply to drill one borehole. Contemplating that the Korea Nationwide Oil Company has spent $370 million (roughly 507.8 billion received) on deep-sea bodily exploration over the previous 20 years since 2005, which means that one fifth of the full price spent on a single drilling operation is equal to $370 million (roughly KRW 507.8 billion).
Shin Hyun-don, a professor of power sources engineering at Inha College, stated, “Deep-sea drilling requires tons of of contracts for drilling work, together with the acquisition of assorted providers and supplies, and environment friendly drilling is barely doable when procurement work proceeds easily.”
Along with the quantity buried, the quantity that may be taken out and used can also be vital. A professor of chemical engineering who requested anonymity stated, “Even when there are 14 billion barrels of oil and gasoline, if 10% of the quantity could be produced, that’s just one.4 billion barrels, which is barely barely greater than Korea’s annual crude oil imports.”
Reporter Cho Eung-hyung [email protected]
Reporter Lee Ho [email protected]
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2024-06-06 12:55:18