Iran has claimed to have made a discovery of as much as 10 billion bbl of oil offshore in the Caspian Sea, but few details have been disclosed.
Various press reports quoted Iran’s Khazar Exploration & Production Co. as having claimed an oil discovery with pay thickness of at least 78 ft at a drilling depth of about 7,900 ft in a deep but unspecified water depth.
Khazar has been drilling in the Caspian since late 2010 with the Amir Kabir deepwater semisubmersible, formerly called Iran Alborz.
About the Author
Alan Petzet
Chief Editor Exploration
Alan Petzet is Chief Editor-Exploration of Oil & Gas Journal in Houston. He is editor of the Weekly E&D Newsletter, emailed to OGJ subscribers, and a regular contributor to the OGJ Online subscriber website.
Petzet joined OGJ in 1981 after 13 years in the Tulsa World business-oil department. He was named OGJ Exploration Editor in 1990. A native of Tulsa, he has a BA in journalism from the University of Tulsa.
