The U.S. Geological Survey (USGS) assessed the undiscovered, technically recoverable oil and gas resources of Armenia in 2013. A Paleozoic and a Cenozoic total petroleum system (TPS) were identified within the country of Armenia. The postulated petroleum system elements are uncertain, resulting in low geologic probabilities for significant oil an gas resources. Two assessment units (AU) were delineated in each TPS—a Paleozoic-Sourced Conventional Reservoirs AU and a Permian Shale Gas AU in the Paleozoic Composite TPS and a Paleogene-Sourced Conventional Reservoirs AU and a Cenozoic Coalbed Gas AU in the Cenozoic Composite TPS. The TPS elements are largely uncertain and risked, and so only the Paleogene-Sourced Conventional Reservoirs AU was quantitatively assessed because the geologic probability is more than the threshold of 10 percent (that is, the probability of at least one conventional oil or gas accumulation of 5 million barrels of oil equivalent or greater based on postulated petroleum-system elements). The USGS estimated fully risked mean volumes of about 1 million barrels of oil (MMBO), about 6 billion cubic feet of natural gas (BCFG), and less than 1 million barrels of natural gas liquids (MMBNGL).
