The article examines the structure and conditions for the formation of oil and gas bearing Triassic strata in the Caspian region. It has been established that the Scythian and West Turanian plates in the Triassic were located on the active margin of the East European continent. Here a single thick (up to 3–5 km) cover of sedimentary and sedimentary-volcanogenic (mainly tuffaceous) rocks without the characteristic features of rifting was formed. In the north and east of the region, the Triassic is composed of variegated continental terrigenous rocks. In the eastern and southern parts of the Caspian basin, in the Eastern Ciscaucasia, on Mangyshlak, in the Middle Caspian, the Lower Triassic (Olenek) and Middle Triassic are represented by marine terrigenous-carbonate formations. The structural features of the Triassic strata in the Caspian basin are associated with salt tectonics. The maximum thickness (up to 4.5–5 km) of Triassic deposits is developed in the zone of the Paleozoic Donbass-Tuarkyr rift and is caused by the Pre-Jurassic erosion of neighboring territories. The formation of graben-like troughs here is associated with later shear deformations, which is confirmed by their discrepancy with the facies zonation of Triassic deposits. Currently, the Permian and Triassic deposits represent a folded complex, unconformably overlying the pre-Kungurian deposits. Triassic deposits of the Scythian and West Turanian plates are disturbed by faults with an amplitude of up to 2 km, and are dislocated in areas. Folding with faults and strike-slip faults is especially intense on the Karpinsky Ridge. Increased dislocation and Late Triassic magmatism on the Scythian and West Turanian plates are associated with collision processes during the closure of the Paleotethys ocean. Oil and gas prospects are assessed positively.
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