P541 THE DEEP-WATER PART OF SOUTH CASPIAN BASIN – ANTICIPATION OF GAS_DOMINATED HYDROCARBON RESOURCES A.A. FEYZULLAYEV and M.F. TAGIYEV Azerbaijan Academy of Sciences Geology Institute H. Javid avenue 29A 370143 Baku Azerbaijan 1 Disclosure and use of oil as a combustible in Azerbaijan have a long history owing to wide occurrence of its natural seepages on the surface. Since the late 19 th. century due to not deep occurrence of the accumulations in Absheron Peninsula oil was produced from shallow hand dug wells (to 30 m). The first in the world well drilled here in 1848 gave impetus to development


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