Korea drilled 48 instances underneath the ocean, found gasoline in 14 locations… 2 precise business manufacturing websites

by times news cr

2024-06-06 16:44:17

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Whereas curiosity is rising in the potential for oil and gasoline deposits within the Yeongil Bay space of ​​Pohang, Gyeongsangbuk-do, the chance of truly efficiently discovering assets in home underwater useful resource exploration drilling has been proven to be about 30%. Nonetheless, solely about 4% (2 instances) had been economically possible and commercially produced.

In accordance with the Korea Nationwide Oil Company on the fifth, exploration drilling for home seabed assets has been tried 48 instances because the Seventies. Amongst these, gasoline quantity 14 was found. Of the 48 explorations, no oil was found. The chance of discovering seabed assets thus far is 29.1%.

In useful resource exploration, when an precise oil or gasoline pattern is extracted from the underground to the floor by a borehole, it’s referred to as ‘discovery’, and when traces of oil or gasoline are not directly discovered by analyzing the drilled pattern, it’s referred to as ‘oil and gasoline indicators’. It’s thought-about to be Up to now, there have been 9 instances during which solely ‘oil and gasoline indicators’ had been discovered, and 25 instances during which it was a ‘dry nicely’ during which no oil or gasoline was found.

Of the 48 complete drilling instances, 27 are concentrated in Blocks 6-1 and eight in entrance of Yeongil Bay. It has been recommended that these mines could comprise as much as 14 billion barrels of oil and gasoline. Specifically, Block 6-1 is the place the Donghae-1 and a couple of gasoline fields, the primary in Korea to commercially produce gasoline, are situated. The Donghae-1 gasoline subject started manufacturing in July 2004, and the Donghae-2 gasoline subject started manufacturing in July 2016. These gasoline fields produced a mean of 1,000 tons of liquefied pure gasoline (LNG) per day, however their reserves had been depleted in 2021.

Of the 48 websites the place exploratory drilling was performed, solely two East Sea gasoline fields have reached business manufacturing. If exploration drilling success is evaluated based mostly on business manufacturing, the success price plummets to about 4.2%. Shin Hyun-don, a professor within the Division of Power and Sources Engineering at Inha College, stated, “Lately, exploration know-how has been developed and geological buildings could be recognized intimately prematurely, so the success price can enhance in comparison with the previous.”


Reporter Cho Eung-hyung [email protected]

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2024-06-06 16:44:17

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