South Korea: An overlooked hydrocarbon province
- 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
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Related Subjects
PETROLEUM DEPOSITS
RESOURCE POTENTIAL
REPUBLIC OF KOREA
ENVIRONMENTAL TRANSPORT
EXPLORATION
EXPLORATORY WELLS
GEOLOGIC TRAPS
GEOLOGY
OFFSHORE SITES
OIL WELLS
PETROLEUM
RESERVES
SEISMIC SURVEYS
SOURCE ROCKS
STRATIGRAPHY
ASIA
DEVELOPING COUNTRIES
ENERGY SOURCES
FOSSIL FUELS
FUELS
GEOLOGIC DEPOSITS
GEOPHYSICAL SURVEYS
MASS TRANSFER
MINERAL RESOURCES
RESOURCES
SURVEYS
WELLS
020200* - Petroleum- Reserves
Geology
& Exploration