Reported 7 months ago
A small 14-person consultancy led by geologist Vitor Abreu gained attention in Seoul for potentially discovering a major oil and gas deposit off the coast of South Korea, sparking hopes of an energy windfall. The find, announced by President Yoon Suk Yeol, could hold up to 14 billion barrels equivalent of resources, greatly impacting the nation's energy security. Despite enthusiasm, doubts remain as the field still needs further drilling to confirm its viability, with skeptics questioning the project's feasibility amidst Korea's push for renewable energy and carbon neutrality by 2050.
Source: YAHOO