PRINCIPLES AND FEATURES OF RATIONAL DEVELOPMENT OF MARINE OIL FIELDS

Exploration and development of oil pools below waters of the Caspian Sea off the Apsheron Peninsula involve consideration of engineering, economic, geologic, and geographic factors. Techniques have been devised for exploring to depths of 600 m in water 6.5m deep. The development program being used is based on a 15–20 year working life for the equipment. For most economic development, an annual field output of 10 percent of proved reserves is recommended.--W. D. Lowry.