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Companies / South Korea

Daewoo Confirms Reserves Estimates For A1 & A3

August 2007 | Company News Alert

Daewoo , the South Korean conglomerate that is the operator of the A1 and A3 offshore blocks in Myanmar with a 60% stake, has announced strong reserves data. The news highlights the fields' value, although it is of commercial, rather than strategic, benefit to South Korea following the recent agreement to sell the output to China via a pipeline.

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