16  August  2018

Home    About Us    Contact Us    Membership and Fee Policies   Search   Chinese  
Search
Industry in Focus
China In Focus
World Events
Business Contact
Chinese Companies
International Companies
Information Database
China Petroleum Report
Monthly Report
Annual Report
Product and Service
Platform
Laws and Regulation
Exhibition and Forums
 Infopetro -> Industry in Focus


SK Innovation Makes Oil Discovery in South China Sea

  03/06/2018

Korean energy chemical company SK Innovation has made an oil discovery in PRMB block 17/03 in the South China Sea.

The company said it plans to drill follow-up appraisal wells to assess the reserves and commerciality of the project. This find marks SK Innovation's first discovery in the area since its decision to push forward with offshore oil exploration projects as an operator in the South China Sea.

"SK Innovation was the first private company in Korea to step into the upstream oil and gas business, and the company's focus on technical expertise ever since its beginning in 1983 led to this significant milestone," a spokesperson from SK Innovation said in a company statement.

"Once the commerciality of the project in PRMB is secured, SK Innovation will use it as a platform of growth into other areas in the South China Sea," the spokesperson added.

SK Innovation currently holds an 80 percent working interest in the block, and 20 percent is held by CNOOC, the Chinese stated-owned company.



Home | About Us | Contact Us | Membership and Fee Policies | Search
© 2018 InfoPetro Technology Development, Ltd., All Rights Reserved.  ICP05035784