The South-Caspian Basin's Mineral Resource Base (1990-2005 Exploration Results and Future Potential)

Abstract

The article analyzes the results of the exploratory effort in the South-Caspian Basin and the causes of failures to discover substantial hydrocarbon reserves in 1995 through 2005. A geologic concept is proposed that may help improve exploratory drilling efficiency. The region's reserves and resources are evaluated.

Keywords:

• Azerbaijan
• oil/gas reserves
• South-Caspian Basin

Notes

¹Hamam-Dag Deniz, Garasu, Sangi-Mugan, Ulfat, Aran Deniz, Dashly, Sabail, Byandovan Deniz, Yavan Tava, Ateshgyakh Deniz, Clayey Island, Umid, Seyar, Lokbatan Deniz.

²Agburun Deniz, Gosha Dash, Mardakyan Deniz, Gabri AbsheronShimali Absheron, Shargi Absheron, Khazri, Gilavar.

³Ogurdzhi, W. Erdekli, and Fersman.

The Central Caspian, Sefidrud-Karabogaz, W. Turkmen north-south faults and the Sangachaly-Ogurchin, Mil-Chikishlyar, Pre-Caucasus Minor east-west faults.

^a oe = oil equivalent; first line, OOIP, resources, potential; second line, current reserves, resources, potential as of 01.01.2006.

⁵Original hydrocarbons in-place.