Oil and natural gas production is growing in Caspian Sea region - Today in Energy - U.S. Energy Information Administration (EIA)

Oil and natural gas production is growing in Caspian Sea region - Today in Energy - U.S. Energy Information Administration (EIA):

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Source: U.S. Energy Information Administration, U.S. Geological Survey, IHS EDIN

The Caspian Sea region, which includes Russia, Azerbaijan, Kazakhstan, Turkmenistan, Uzbekistan, and Iran, is one of the oldest oil-producing areas in the world and is an increasingly important source of global energy production. The area has significant oil and natural gas reserves from both offshore deposits in the Caspian Sea itself and onshore fields in the region. Traditionally an oil-producing area, the Caspian area's importance as a natural gas producer is growing quickly.
EIA estimates that there were 48 billion barrels of oil and 292 trillion cubic feet (Tcf) of natural gas in proved and probable reserves within the basins that make up the Caspian Sea and surrounding area in 2012. Offshore fields account for 41% of total Caspian crude oil and lease condensate (19.6 billion barrels) and 36% of natural gas (106 Tcf). In general, most of the offshore oil reserves are in the northern part of the Caspian Sea, while most of the offshore natural gas reserves are in the southern part of the Caspian Sea.

Source: U.S. Energy Information Administration, IHS EDIN, Eastern Bloc Energy, Rigzone, and Rystad Energy
Note: Oil production includes both crude oil and lease condensate. Iran and Uzbekistan do not have substantial production in the Caspian region. All production outside the Caspian region is excluded.

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