JAKARTA (Antara): Korean National Oil Company (KNOC) has found some 671 million barrel of oil reserve in Wakam Block off Sorong regency, Papua province.
Deputy head of The Upstream Oil & Gas Executing Body's (BP Migas) for planning division Achmad Luthfi said Thursday that the finding in 2006 would significantly add to the national oil production.
"KNOC has to carry out further study about the amount of the oil reserve," Achmad was quoted by Antara news agency as saying Thursday, adding that further study needed to know the exact amount of the oil reserve.
If the oil reserve is confirmed, it will be larger than reserve in Cepu Block in Central Java, he added.
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