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International conference on great depth oil prospects in Caspian Sea commenced in Baku


The first international conference "The potential of deep-seated hydrocarbons: future energy resources - reality and projections" has started here today.
The co-organizers of the conference are: ANAS Institute of Geology, the Azerbaijan State Oil Academy (ADNA), the Institute of Oil and Gas Problems of the Russian Academy of Sciences (RAS), Russian Oil and Gas University named after I. Gubkin, while Azerbaijani State Oil Company (SOCAR) and “bp” company are the financial supporters of the conference.

The main purpose of the conference attended by the representatives of nine countries, including USA, UK, France and Germany is to discuss the prospects of search for oil fields in the southern part of the Caspian Sea. 

Delivering a speech at the event, ANAS vice president, director of the Institute of Geology, academician Akif Alizadeh spoke of importance of the conference, stressing “Azerbaijani scientists produced both theoretical and practical scientific results in this field.”

The speakers of the conference also highlighted that “Most of us did not earlier consider possible presence of oil at great depth but recent discoveries in the Gulf of Mexico have put this point of view under doubt. As a result basic theory of oil origin can also be subject to reconsideration. Deep drilling in the Gulf of Mexico theory of non-organic oil origin gets advantage. It has also turned out that even at great depths the collectors can preserve stability, despite oil destruction process, high temperatures and pressure.” 

SOCAR first vice president Khoshbakht Yusifzadeh has also spoken on the theme; informing the participants on geological research works underway in the Caspian Sea, as well as applied technologies and scientific results.

The participants of the event made reports on prospects for exploration of deep-seated oil and gas.
The conference which is due to run till June 14 will discuss possibilities for further research and preparation of technologies to provide oil deep-see exploration of the southern part of the Caspian