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Exploration efforts around the Greater Caucasus region started towards the end of the 19th century and established a wide range of petroleum play types in various basin segments around the orogen. All these plays are associated with the flanks of the inverted thrust‐fold belt and the adjacent foreland basin systems, but display significant variation among the basin segments depending on the tectonostratigraphic units involved and the degree of exploration maturity. Whereas the same main source rocks have generated most of the hydrocarbons in all the basins (namely organic‐rich shales in the Oligocene – Lower Miocene Maykop Group and the Eocene Kuma Formation), it is primarily the trapping style, both proven and speculative, which is responsible for the broad spectrum of play types observed. Eleven play type diagrams across six main petroleum provinces of the Greater Caucasus region are presented in this paper and summarize the current exploration understanding of the existing discoveries and potential new play targets. These play cartoons offer a prospect‐scale summary of both mature producing and underexplored basin segments in a coherent visual manner, and are therefore intended to promote future exploration efforts in the Caucasus region. The testing of new play types requires the proper risking of the two most critical elements in the region: hydrocarbon kitchen effectiveness, and post‐charge trap modification. The de‐risking of these factors will require properly designed, fit‐for‐purpose acquisition of modern geological and geophysical data sets. [ABSTRACT FROM AUTHOR]

The Cenozoic succession in the Lower Kura Basin includes largely uniform, often carbonate-free mudstones. Because age dating of these sediments has proved difficult, the stratigraphy of the Cenozoic succession and the distribution of organic-rich strata are poorly known. A better understanding of the Cenozoic succession is not only important for petroleum-systems-analysis, but also for the understanding of the Cenozoic evolution of the Caucasus region. Therefore, bulk geochemical data (carbonate, TOC, sulphur, Rock-Eval) of 885 samples and biostratigraphic data were collected along seven outcrop profiles. This enabled the establishment of a continuous stratigraphic record from the Middle Eocene to the Late Miocene (Pontian). The study results show that potential source rocks are present in three stratigraphic units: the Middle Koun (Middle Eocene), Maikop Group (Oligo-Miocene) and Diatom Formation (Upper Miocene). The Middle Koun is about 100 m thick near the Caspian Sea and contains highly oil-prone sediments (2–24 wt% TOC; HI 300–577 mgHC/gTOC), which may generate 1.5 tHC/m2. The Maikop Group contains on average 1.8 wt% TOC, but is often gas-prone. Highly oil prone layers (2–5 wt% TOC; HI 300–450 mgHC/gTOC) are rare. Nevertheless, the Upper Maikop Formation may generate ∼2 tHC/m2. The Diatom Formation contains paper shales with high TOC contents (3–22 wt%) and HI values (350–770 mgHC/gTOC). The paper shale unit is more than 60 m thick near the Caspian Sea and can generate 3.8 tHC/m2. Previously it was thought that the Maikop Group had the highest petroleum potential, whilst Upper Miocene and Middle Eocene source intervals were overlooked. The Middle Eocene to Lower Oligocene succession in the Kura Basin is largely carbonate-free. In contrast, coeval successions elsewhere in the Caucasus region contain sediments with varying, but often high carbonate contents. Differences in carbonate content imply greater water depth during deposition in the Kura Basin. • Cenozoic organic matter-rich rocks in Azerbaijan occur in three distinct stratigraphic units. • The Middle Eocene Middle Koun Member is a prolific, but overlooked, source rock capable of generating up to 1.5 tHC/m2. • The Oligo- Miocene Maikop Group contains moderate amounts of organic matter, but can still generate about 2 tHC/m2. • Upper Miocene paper shales in the Diatom Fm. contain a remarkably high petroleum potential and may generate 3.8 tHC/m2. • Water depth during Middle Eocene to Lower Oligocene time was higher in Azerbaijan than in other in other Caucasus areas. [ABSTRACT FROM AUTHOR]