CASPIAN PRODUCTION POTENTIAL-2: Risks temper Caspian rewards potential

Last of a series.In Part 1 of this series (OGJ, Dec. 17, 2001, p. 18), Wood Mackenzie estimated the reserves and production potential of the five countries surrounding the Caspian Sea-Kazakhstan, Azerbaijan, Turkmenistan, and the Caspian offshore sectors of Russia and Iran-and ranked those companies active in the region's upstream industry. In this concluding section of the analysis, which updates another two-part analysis (OGJ, July 24, 2000, p. 38, and Aug. 21, 2000, p. 52), Wood Mackenzie assesses the foreign oil company investment in the region since 1990 and looks at the potential level of investment required to meet the optimistic production potential profiles to 2020. Due to a ...

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