ARMENIA'S PROSPECTS-2: Hydrocarbon potential listed for Armenia's main basins

Armenia appears to have oil or gas potential in areas that have received limited study as well as areas that have received no study.The first part of this article described the regional geologic setting and the results of two exploration periods (OGJ, Aug. 12, 2002, p. 36). This concluding second part summarizes the potential of the main basins, results of recent exploration, and the fiscal system.Near Yerevan basinThe Garni-Shorakhpur area (Fig. 5) is the most prospective part of the Near Yerevan basin. Click here to enlarge imageThe dominant tectonic feature is the northeast trending left-lateral strike slip Azat fault system. This is a semi-regional fault that separates a highly uplif...

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