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Based on analysis of hydrocarbon resource potential, geological structure aspects and results of geological survey in the North-Caucasus oil-bearing province, first-priority directions and targets of geological exploration works are suggested in order to accelerate the preparation of discovered hydrocarbon reserves in the medium-term perspective. The key issue is speeding up the process of research drilling on prepared geological targets of Dagestan shelf of the Caspian, which has considerable resources of hydrocarbons. Keywords—resources, hydrocarbon, exploration, shelf of the Caspian Sea.

First-Priority Directions and Targets of Geological Exploration Works for Oil and Gas in North Caucasus Region