Korex Secures Exploration Rights in Korean Sea
Korex signed a production-sharing contract with the Korea Oil Exploration Company for exploration rights in the Korean East Sea. The contract covers about 50,681 square kilometers off the east coast of the DPRK and is divided into deep and shallow water areas. The ten-year agreement is divided into four periods, with the first three periods consisting of two years each and the final period of four years. The first period work commitment is to complete work on existing data and acquire new marine 2D seismic data.SubseaIQ provides focused, in-depth coverage of offshore field development activities around the world, with daily updates on hundreds of offshore fields and facilities. Click here to sign up for the free weekly email newsletter.
- Aminex Secures Rig to Drill Ntorya-2 Well in Tanzania's Ruvuma Basin (Sep 26)
- Kiliwani North-1 Well Flows at 5,000 Boepd (Jul 04)
- Aminex: First Gas Production from Kiliwani North Field in Tanzania (Apr 06)