November 19, 2015
By MarEx
An article from GeoExPro, (click here) a petroleum geoscience magazine, says that North Korea has “excellent” oil and gas exploration potential, both onshore and offshore.
The assessment was made by Michael Rego, an exploration consultant with access to North Korean geophysical data that has so far received little international attention.
The article outlines seven locations which could hold oil and gas reserves worth further investigation including North Korea’s western sea and deep deposits off the east coast....
Opening up oil and gas reserves for North Korea will bring a far better quality of life to the people. However, without agreements to abide by the Non-Proliferation Treaty, the wealth of any sales will increase the capacity of North Korea to bring in more talented scientists. A significant income, while spent on the people, will not relieve the worry.