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Peakoil.com :: View topic - A primer on Caspian Oil
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A primer on Caspian Oil

 
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clv101
Light Sweet Crude
Light Sweet Crude


Joined: Jun 02, 2004
Posts: 1078
Location: Bristol, UK

PostPosted: Sun Nov 19, 2006 12:23 pm    Post subject: A primer on Caspian Oil Add User to Ignore List Reply with quote

Oil & gas in the Caspian has a long history - indeed it is one of the earliest oil production regions in the world, with Baku a major oil center in the second half of the 19th century and beyond. What makes the situation today interesting is the simultaneuous appearence of three things:
  • new reserves discovered offshore,
  • the fact that, with the break up of the Soviet Union, the oil is located in (new) countries that are keen to have foreign investment and are now one of the few oil provinces around the world that still welcome Western oil majors,
  • these countries have no direct access to the world markets.
A primer on Caspian Oil
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dissident
Heavy Crude
Heavy Crude


Joined: Apr 08, 2006
Posts: 466

PostPosted: Sun Nov 19, 2006 2:18 pm    Post subject: Re: A primer on Caspian Oil Add User to Ignore List Reply with quote

Not enough focus in that article as to the total oil production in that region headed for markets by 2015. It doesn't look like it is going to be more than 4 million barrels per day. Hardly an exciting bonanza. More like not enough to offset declines in existing projects.
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clv101
Light Sweet Crude
Light Sweet Crude


Joined: Jun 02, 2004
Posts: 1078
Location: Bristol, UK

PostPosted: Sun Nov 19, 2006 5:09 pm    Post subject: Re: A primer on Caspian Oil Add User to Ignore List Reply with quote

dissident wrote:
...headed for markets by 2015.
Quite, hence peak oil before 2015.
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