Country report
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22 Pages

South Korea upstream summary

South Korea upstream summary

Report summary

South Korea has little in the way of domestic production, with indigenous gas accounting for around 1% of the country's total demand. All of the country's production currently comes from one gas/condensate field, Donghae-1, located around 60 kilometres off the east coast. The field is expected to cease production in 2018, at which time the reservoirs are planned to be converted for gas storage. A satellite field tie-in, Donghae-2, is expected to commence production in July 2016. ...

What's included?

This report includes 2 file(s)

  • Country Overview PDF - 984.73 KB 22 Pages, 14 Tables, 9 Figures
  • Country Overview XLS - 513.50 KB

Description

Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key upstream issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream summary is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
  • Geology
    • Introduction
      • Yellow Sea - Subei Basin
      • East China Sea Basin
      • Tsushima Basin
  • Exploration
    • Licensing
    • Drilling
      • Drilling activity
      • Success rates
      • Future drilling plans
    • Gas Hydrates
  • Reserves and resources
  • Production
    • Oil/liquids
    • Gas
  • Infrastructure
    • Introduction
    • Oil infrastructure
    • Gas infrastructure
      • Overview
      • Gas network
      • LNG
      • International gas pipeline projects
  • Costs
    • Introduction
    • Capital costs
      • Capital expenditure by location
  • Policy and regulation
    • Key legislation
      • Gas Sector Regulation & Organisation
    • Regulatory body
    • Subsidies and Taxes
    • State oil company
    • State participation
    • Licensing
  • Fiscal terms
    • Overview
    • Current fiscal terms
    • Upstream
    • Mid/Downstream
    • State Equity Participation
    • Bonuses, Rentals and Fees
    • Indirect Taxes
    • Royalty and Other Production Taxes
    • Product Pricing
      • Liquids Pricing
      • Gas Pricing
    • Corporate (or Petroleum) Income Tax
      • Tax Rate
    • Sample Cash Flows

In this report there are 23 tables or charts, including:

  • Executive summary
  • Key facts
    • Key facts: Table 1
  • Location maps
    • Country Map
  • Key companies
    • Net Acreage 2017
    • Remaining Commercial and Technical Reserves at 01/01/2017
  • Geology
    • Map of Basins
  • Exploration
    • Map
    • Drilling Activity by Well Type
    • Technical and Commercial Success Rates
  • Reserves and resources
    • Reserves and resources: Table 1
  • Production
    • Production: Table 1
    • Production: Table 2
    • Production: Table 3
    • Production: Table 4
    • Gas Production
  • Infrastructure
    • Gas Infrastructure Map
  • Costs
    • Costs: Table 1
    • Costs: Table 2
  • Policy and regulation
  • Fiscal terms
    • Fiscal terms: Table 1
    • Fiscal terms: Table 2
    • Fiscal terms: Table 3
    • Fiscal terms: Table 4
    • Fiscal terms: Table 5
    • GEM models
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