Oil history, potential converge in Azerbaijan

Journal Article · Mon May 22 00:00:00 EDT 1995 · Oil and Gas Journal

OSTI ID:52050

Narimanov, A A ^[1]; Palaz, I ^[2]

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1. State Oil Co. of Azerbaijan, Baku (Azerbaijan)
2. Amoco Production Co., Houston, TX (United States)

Azerbaijan, the oldest known oil producing region in the world, still holds great potential for new discoveries and increased production. A multi-billion dollar production sharing agreement was recently signed with a consortium of primarily western oil companies to develop three oil fields in the Caspian Sea. Soon, Azerbaijan will offer new exploration acreage both offshore and onshore. This paper describes the history of oil production in Azerbaijan, offshore developments, tectonics, stratigraphy, petroleum traps, mud volcanoes, and short summaries of several oil producing areas. Current production is about 9 million tons/yr of oil and 7 billion cu m/yr of natural gas.

• OSTI ID: 52050
• Journal Information: Oil and Gas Journal, Journal Name: Oil and Gas Journal Journal Issue: 21 Vol. 93; ISSN OIGJAV; ISSN 0030-1388
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
03 NATURAL GAS
ASSOCIATED GAS
AZERBAIJAN
EXPLORATION
HISTORICAL ASPECTS
JOINT VENTURES
NATURAL GAS DEPOSITS
OFFSHORE SITES
OIL FIELDS
ONSHORE SITES
PETROLEUM
PETROLEUM DEPOSITS
PETROLEUM GEOLOGY
PRODUCTION
RESOURCE DEVELOPMENT
RESOURCE POTENTIAL