Geology Reference
In-Depth Information
Table 11.2
Status of appraisal and development contracts in the South Caspian Basin ields.
No.
Contract
block
(structure)
Consortium
(company)
Contract
start
date
Contract
end date.
Contract
status
Proposed
invest-
ment $B
Declared recoverable
oil/condensate (MMT) /
gas (BCM) resources
Cause of
contract
termina-
tion
Cost,
$MM
Wa t e r
depth,
m
1
Ashrai-Dan
Ulduzu
NAOK (BP;
Unocal; Itochu;
Delta Hess;
SOCAR)
1997
2000
2.0-2.5
20-40/-
No com-
mercial
reserves
110.0
160
-
180
2
Karabakh
CIPCO (LukAgip;
Pennzoil-
Devon; Lukoil;
Agip; SOCAR)
1996
1999
2.0
40/-
Same
140.0
180
3
Nahchivani
SOCAR
1992
1993
30/10
Same
100
4
Umid
Occidental
Petroleum;
SOCAR
1995
1997
2.5
- /215
Same
7.5
50-200
5
Lenkaran-
Deniz-
Ta l y s h -
Deniz
TotalFinaElf;
OIEK;
Wintershall;
SOCAR
1997
2003
2.0-4.0
110/-
No hydro-
carbons
40.0
50
-
100
(
Continues
)
