SEOUL: South Korean president Yoon Suk Yeol has given the green light to conduct exploratory drilling for potentially vast oil and gas prospects found off the east coast of the nation that is one of the world’s largest energy importers.
The possibility of the area containing as much as 14 billion barrels of oil and gas is “very high”, Yoon told a news conference, citing a study that he said has been reviewed by experts and industry groups.
