Dr.Arzu Javadova
Geoscientist, MicroPro GmbH, Germany

Abstract
The Apsheron field area is the most promising prospect of a Shallow water Transition zone of the Apsheron archipelago at all potential reservoir levels, for identification of the exploration potential of the area and the new business opportunities. The area covers with water depth between 10 to 20 meters. As a methodology used available seismic data, evaluation of reference well data and other geological factors in the Petrel program. Individual recoverable resource volumes per individual reservoir layers are calculated in the Monte Carlo program:

• The overall consolidated resource volumes for the Productive Series of the entire Bank-Apsheron area totalling 80.3 MMBBL.
• The overall consolidated resource volumes for the Mesozoic of the entire Bank Apsheron area totalling 21.4 MMBBL
• The consolidated resource volumes for the Gosha Dash area amount to 16.1 MMBBL This area is taken as undrilled. Gosha Dash structure is viewed as a target for potential field extension for the remaining exploration potential of Bank-Apsheron and West-Apsheron for the Mesozoic deposit which is identified on 2D seismic at approximately 2000 m depth. Therefore, this part of the structure is not identified as exploration, but as an appraisal & development target for future wells.

 Keywords: South Caspian, offshore, oil and gas, seismic interpretation, geology, forecast