Zagros Fold Belt

Outline

Key Indicators

Rating

A+

Ranking

14

Outlook

Positive

Commentary

Despite significant tensions between the KRG and Daesh and the KRG and the Federal Government of Iraq, the development of the region continues. We believe that the Outlook for the Basin remains positive

Updated

April 3, 2024

Outline

Region

Middle East

Position

Onshore

Hydrocarbon

Oil

Location

Zagros Fold Belt

Description

In Considering the ZFBB, you also need to include the Zagros Thrust Zone Belt Basin, which are collectively known as the Zagros Fold Thrust Basin ("ZTFB"). The ZTFB was formed along a section of the plate boundary that is subject to oblique convergence with the Arabian Plate moving northwards with respect to the Eurasian Plate. The degree of obliqueness reduces southwards along the Zagros, with the collision becoming near orthogonal within the Fars domain. The relative movement between the plates is only partly taken up within the Zagros, the remainder is taken up by deformation in the Alborz mountains and the Lesser Caucasus mountains to the north of the Iranian plateau and along the zone formed by the Greater Caucasus mountains, the Apsheron-Balkan Sill and the Kopet Dag mountains further north again.

Summary

While only recently developed (since 2004), the Basin has enjoyed significant exploration successes.

Source: ESRI, BGS, USGS & OGA data

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