Future oil and gas potential in southern Caspian basin

Journal Article · Mon May 03 00:00:00 EDT 1993 · Oil and Gas Journal; (United States)

OSTI ID:6561599

O'Connor, Jr, R B; Castle, R A; Nelson, D R ^[1]

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1. Wavetech Geophysical Inc., Denver, CO (United States)

Turkmenistan is the most southerly C.I.S. Republic and lies on the southeastern border of the Caspian Sea. On January 23, 1993 an important bidding round was held for producing and shut-in oil and gas fields in the western part of the country. Nine international companies registered for the round, and winning bids were submitted on three of four blocks. A bid on block 1, the only block not to be awarded, was rejected as being insufficient. The purpose of this article and another planned for later this year is to present background information on the huge oil and gas potential of western Turkmenistan and to put the recent bidding round into perspective. The current official estimate of remaining reserves on the blocks just tendered is 2.7 billion bbl of oil equivalent, roughly half of which is oil. The authors believe this to be a very conservative estimate as they shall attempt to demonstrate.

• OSTI ID: 6561599
• Journal Information: Oil and Gas Journal; (United States), Vol. 91:18; ISSN 0030-1388
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
03 NATURAL GAS
NATURAL GAS DEPOSITS
RESOURCE POTENTIAL
PETROLEUM DEPOSITS
TURKMENISTAN
BASEMENT ROCK
GEOLOGIC AGES
GEOLOGIC STRUCTURES
LEASING
NATURAL GAS
NATURAL GAS FIELDS
OIL FIELDS
ORIGIN
PETROLEUM
RESERVES
SEDIMENTARY BASINS
SOURCE ROCKS
STRATIGRAPHY
TEMPERATURE GRADIENTS
ASIA
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
GEOLOGIC DEPOSITS
GEOLOGY
MINERAL RESOURCES
RESOURCES
020200* - Petroleum- Reserves
Geology
& Exploration
030200 - Natural Gas- Reserves
Geology
& Exploration