industry analysts and oil company wildcatters alike thought there were reserves in the Caspian Sea that could rival those of the Middle East, or so it sounded. Promoting deadly conflict, russia continues promoting ethnic warring in its previously occupied republics of Georgia and Azerbaijan. The Sulukta licence, in the far south-western corner of the Kyrgyz Republic, has several prospective structures identified by reprocessed Soviet era seismic and a limited seismic program over this block. Balcatta, WA, australia, phone (08), email. ASX: CIG, the data on Australian m is intended as a guide only and is compiled from information in the public domain. In the case of the latter whose tenets currently informally prevail the countries could use the international law concerning border lakes to set boundaries, by which each country effectively possesses 20 of the sea floor and surface of the Caspian. It is available here. The latter are now among 60,000 internally displaced persons (as opposed to refugees, who are driven out of their country) in that Caucasus country. Prolific Potential, even so, the potential of the Caspian basin area is too great, and its ability to generate hard currency earnings for the five littoral states too important, for any of them to jeopardise the overall further exploration and development of the region. Caspian Oil Gas Limited (ASX:CIG) is an oil producer and explorer listed on the Australian Securities Exchange with our registered offices in Perth, Western Australia.
Drilling of oil in caspian basin
In the formers case, coastal countries would apply the United Nations Convention on the Law of the Sea (unclos, 1982 in which event each littoral state would receive a territorial sea extending up to 12 nautical miles (22 km) from its coast, an exclusive economic. Petroleum politics, the strategic value of the Caspian has been there from the beginningit never was just about oil, says Zbigniew Brzezinski, Jimmy Carters national security adviser, now a freelance consultant to the major consortiums. We are also undertaking laboratory studies to optimise acidizing techniques in the carbonate reservoirs. Transportation, additionally, the difficulty in transporting Caspian energy resources increased substantially with the dissolution of the ussr, as exports of oil and natural gas tended to rely on old Soviet pipeline networks, meaning high initial investment in related infrastructure. Through recent seismic we have identified several large thrust-related structures in the Ak-Bura licence.