Korea to begin drilling for oil in UAE starting in 2017

Korea to begin drilling for oil in UAE starting in 2017

Korea will begin drilling for oil in the United Arab Emirates in collaboration with a consortium that includes GS Energy.br The Korea National Oil Corporation said Friday it will aim to extract up to 5-thousand barrels of crude oil per day starting in 2017,... eventually expanding that to 40-thousand by 2019.br The state-run oil company formed the consortium with GS Energy three years ago to develop three oil fields in partnership with the UAE's state-owned Abu Dhabi National Oil Company.br They have successfully extracted 18-thousand barrels of crude from the Haliba field on the Omani border last year.


User: Arirang News

Views: 4

Uploaded: 2015-03-06

Duration: 00:47

Your Page Title