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


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...