Korea National Oil Corporation has deemed the Daewang Whale offshore gas project economically unviable after drilling revealed only 6% gas saturation, far below expectations, raising questions over the project's future and prompting calls for further investigation.
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https://en.infomaxai.com/news/articleView.html?idxno=82629
Development Budget Increased, but Korea National Oil Corp. Rates 'Daewang Whale' Project as 'Very Low' in Economic Viability
Korea National Oil Corporation has deemed the Daewang Whale offshore gas project economically unviable after drilling revealed only 6% gas saturation, far below expectations, raising questions over the project's future and prompting calls for further investigation.