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Title: South Korea: An overlooked hydrocarbon province

Journal Article · · Oil and Gas Journal; (United States)
OSTI ID:6038973
;  [1]
  1. Dragon Oil plc, Harpenden (United Kingdom)

A forthcoming well about to spud off South Korea is planned to test the potential of an essentially unexplored rift basin. Should the well prove successful, it could open up a major new hydrocarbon producing province with substantial reserves. The well is being drilled in Block V which covers 7,000 sq km. is divided into two parts, and lies about 150 km south of the Korean peninsula close to Cheju Island. The larger Northern Block overlies the Fukue basin, which is a linear graben system oriented northeast-southwest. The Fukue basin is equivalent in size to the South Viking graben of the North Sea and the existence of a restricted marine source rock and play types at several stratigraphic levels helps to reinforce such a comparison Seismic mapping has revealed five prospects with combined most likely reserves of more than 1 billion bbl. The paper describes the basin evolution, source and migration of petroleum, reservoir and seals, and well location.

OSTI ID:
6038973
Journal Information:
Oil and Gas Journal; (United States), Vol. 91:44; ISSN 0030-1388
Country of Publication:
United States
Language:
English