Expert: Work on unpromising oil deposits should not be stopped

Kazakhstan, Astana, Oct. 27 / Trend , A.Maratov /

The CEO of the Kazakh Institute of Oil and Gas JSC Uzakbai Karabalin, believes work on so-called unpromising oil deposits should not be stopped.

He said: "Work should not be stopped on the so called dead end or closed oil and gas fields. Ttoday, with the skilful use of modern technology and careful infrastructure study using the latest scientific developments, many of them can be still worked on."

Azerbaijan announced the opening of major new gas field Absheron in the Azerbaijani sector of Caspian Sea in September. Previously large companies had left this site declaring it hopeless. Further research produced a more positive result.

Kazakhstan's Caspian shelf recorded a similar situation. Lukoil Overseas Service BV director Andrew Kirillov said earlier that the Russian LUKOIL plans to abandon two of the three exploration projects on the Caspian shelf of Kazakhstan, where they are partners.

He said estimates on the Atash and Tub-Karagan projects were not yet viable. In general, exploration in the Caspian Sea has not yet yielded the expected discoveries.
Another Russian company Rosneft shrugged off any further involvement following negative results on the Kurmangazy project.

Mr. Karabalin said: "No cross should be put over the Kurmangazy project. It is a huge area. If a large field was not found to date, then the oil in smaller quantities can be found in some parts of this field."

He said he has seen how fields once considered hopeless then gave positive results.

He went on: "Today with new technology we can return to many fields which are considered unpromising and were closed. Today, the development of science and experienced geologists and developers are changing the look and approach to the search for and production of oil."
He believes it is important to study the genetic code of oil, which will indicate true source of its origin and migration paths in the depths.

"The future belongs to science and technology. Unlike other industries, the oil and gas sector is one destined for scientific support."

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