In 2010 Aminex sold a 50% stake in Korex Ltd, a subsidiary holding its Korean interests, to Chosun Energy. Subsequently Korex Ltd signed a new PSC for the Korean East Sea, shallow and deep water, covering 50,680 km². The exploration term of the PSC is ten years divided into four periods, the first three being of two years each and the final one of four years. It requires new marine seismic in an initial 2 year period.
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