Emad Hosseini said:
- Obtained information from 16 exploration wells drilled in this area, along with other studies, indicate huge potential reserves in this area and the need to change the technical approach to the potential hydrocarbon resources in the South Caspian Basin
KEPCO has proposed 4 new projects to the NIOC, 2 of which have been approved to be implemented in the region.
The official explained that among the 4 strategic projects proposed to the NIOC board of directors, 2 projects namely the 2-dimensional seismicity of the Caspian Sea shore area and the management and maintenance of Iran-Amirkabir drilling platform and its supporting vessels have been approved
Referring to Turkmenistan's plans for exploring gas reserves in the Caspian Sea, he continued:
- Khazar Exploration and Production Company has put the 2-dimensional seismicity of the Caspian Sea shore area on the agenda in order to determine the best deep drilling location
- This project will be the 1st step in creating a seismic database on the challenging shore areas of the Caspian Sea, which is very important considering the existing capacities in these coasts