South Korea: Woodside-KNOC wildcat spud nears

By OGJ editors

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.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...