Country Report

South Korea upstream summary

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29 August 2017

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 Block VI-1C, where the two gas/condensate field - Donghae-1and Donghae-2 - are on-stream. Production at Donghae-1 began in 2004, while Donghae-2 started in October 10, 2016. Donghae-2 extends the life of Block VI-1C to late 2019, after which time the reservoirs are planned to be converted into gas ...

Table of contents

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
    • Introduction
      • Yellow Sea - Subei Basin
      • East China Sea Basin
      • Tsushima Basin
    • Licensing
    • Drilling
      • Drilling activity
      • Success rates
      • Future drilling plans
    • Gas Hydrates
  • Reserves and resources
    • Oil/liquids
    • Gas
    • Introduction
    • Oil infrastructure
    • Gas infrastructure
      • Overview
      • Gas network
      • LNG
      • International gas pipeline projects
    • Introduction
    • Capital costs
      • Capital expenditure by location
    • Key legislation
      • Gas Sector Regulation & Organisation
    • Regulatory body
    • Subsidies and Taxes
    • State oil company
    • State participation
    • Licensing
    • 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

Tables and charts

This report includes 23 images and tables including:

  • Key facts: Table 1
  • Country Map
  • Net Acreage 2018
  • Remaining Commercial and Technical Reserves at 01/01/2018
  • Reserves and resources: Table 1
  • Map
  • Production: Table 1
  • Production: Table 2
  • Production: Table 3
  • Production: Table 4
  • Gas Production
  • Fiscal terms: Table 2
  • Fiscal terms: Table 3
  • Fiscal terms: Table 4
  • Fiscal terms: Table 5
  • GEM models
  • Map of Basins
  • Drilling Activity by Well Type
  • Technical and Commercial Success Rates
  • Gas Infrastructure Map
  • Costs: Table 1
  • Costs: Table 2
  • Fiscal terms: Table 1

What's included

This report contains:

  • Document

    Country Overview

    PDF 8.77 MB

  • Document

    Country Overview

    XLS 513.50 KB

  • Document

    Country Overview

    ZIP 9.20 MB

  • Document

    Executive summary

    PDF 56.22 KB

  • Document

    Key facts

    PDF 67.09 KB

  • Document

    Location maps

    PDF 3.78 MB

  • Document

    Key companies

    PDF 95.90 KB

  • Document

    Geology

    PDF 3.84 MB

  • Document

    Exploration

    PDF 572.02 KB

  • Document

    Reserves and resources

    PDF 70.92 KB

  • Document

    Production

    PDF 103.72 KB

  • Document

    Infrastructure

    PDF 715.01 KB

  • Document

    Costs

    PDF 75.69 KB

  • Document

    Policy and regulation

    PDF 95.87 KB

  • Document

    Fiscal terms

    PDF 123.47 KB

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