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Korea Oil Corp Discovered Gas

Korea National Oil Corp said Friday that additional gas reserves

Korea Oil Corp Discovered Gas

Korea National Oil Corp said Friday that additional gas reserves near the Donghae-1 gas field off Korea's east coast have been found.

The field has estimated reserves about 800,000 metric tons of natural gas worth $280 million.

The new reserves are located about 5 kilometers southwest of the Donghae-1 gas field, Korea's first offshore gas field 58 kilometers off the industrial city of Ulsan.

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