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(Reprinted from PressTV online article, 15 Feb 2010.)

The Islamic Republic of Iran has started drilling its first exploratory well in the Caspian Sea to search for oil in the resource-rich body of water.

“The Amir-Kabir semi-submersible drilling rig has started exploration drillings in the Caspian Sea. It will drill the country’s first exploratory well at a depth of 1,550 meters under the seabed,” North Drilling Company Managing Director Hedayatollah Khademi told the Mehr News Agency on Saturday.

In light of the great potential of the region, there is a very good possibility that the Amir-Kabir (formerly known as Iran-Alborz) semi-submersible drilling rig will help find new reserves of crude oil in the Caspian Sea, he added.

The drilling rig weighs 14,000 tons without its attachments and will facilitate exploration in deep waters in the southern part of the Caspian Sea.

According to estimates, the southern part of the Caspian Sea holds at least 32 billion barrels of oil reserves.  Iran’s exploration efforts have so far led to the discovery of 46 oil fields in the Caspian Sea.

Iran has the world’s third-largest proven reserves of crude oil, mainly located in the southwest of the country and offshore in the Persian Gulf. (emphasis added)

http://www.presstv.ir/detail.aspx?id=118561&sectionid=351020103

Why does this matter enough for me to reprint it here? Because of where the Caspian Sea is, who the countries are that surround it, and what they are doing there as we speak. See my earlier articles about the Caspian Sea and oil.

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