[THE INVESTOR] Korea National Oil Corporation will begin producing natural gas from the Donghae-2 gas field from October, a local daily reported Aug. 22.

According to the report, KNOC completed test drilling and plans to begin production in October.

The daily quoted an unnamed government official as saying that production will begin once the pipelines are relocated.

Donghae-2 field is located 60 kilometers off the coast of Ulsan, and is estimated to contain about 566 million cubic meters of natural gas and 180,000 barrels of condensate.

By Choi He-suk (cheesuk@heraldcorp.com)