[100-minute discussion] - <Are we also an oil-producing nation?...What is the future of ‘blue whales’?>

2024-06-11 15:41:04

The government announced that the maximum resource reserve size is approximately 14 billion barrels, which is five times the market capitalization of Samsung Electronics.

However, controversies are rising every day among the media, government, and political circles surrounding the background, including the 'hope' that Korea could become an oil-producing country, the reliability of the American consulting company that suggested a 20% drilling success rate, and the fact that the president himself announced it.

At the center of the controversy is the U.S. company Actgeo, which wrote the report that became the basis for the government's announcement.

The government and Korea National Oil Corporation plan to begin drilling exploration in December of this year, and the cost of drilling alone is expected to be at least 500 billion won.

 

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