KEPCO Hopeful of Massive Oil, Gas Discovery in Caspian Sea

Seismic surveys carried out by Khazar Exploration and Production Company, a subsidiary of the National Iranian Oil Company, have shown the likely presence of a massive hydrocarbon formation in Gorgan Plain to the southeast of Caspian Sea, the head of the company's board of directors said.
“KEPCO has drilled 20 exploratory wells in the region near the border with Turkmenistan in Golestan Province. From the data’s evaluation, experts are hopeful about discovering a huge oil and gas field in the region,” Hamshahri Online quoted Emad Hosseini as saying.
Studies are underway with the help of semi-submersible Amir Kabir Drilling Platform, but initial findings indicate that the gas field (tentatively called Chalous Gas Field) holds at least 3.3 trillion cubic meters of natural gas, the 10th largest gas reservoir in the world.