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.