Analysis North Korea has ‘excellent’ oil and gas exploration potentialRecent report indicates possible DPRK oil and gas reserves, though extraction remains difficult North Korea has “excellent” oil and gas exploration potential, according to an article from GeoExPro, a petroleum geoscience magazine which featured the DPRK on its cover this month. The assessment was made by Michael Rego, an exploration consultant who once worked for Aminex, a company which in 2004 was contracted to try and develop the DPRK’s oil and gas resources. The piece includes rare North Korean geophysical data, very little of which has so far made its way past the DPRK’s borders. “Undoubtedly the DPRK does have good hydrocarbon potential, both on © Korea Risk Group. All rights reserved. |