The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Coggy, I think we retained those fields, but lost basin edge, KIla Kupra & Iori fields..
bugsy, Shirley you mean "were" ours.
Who tf is developing OUR fields?
Nice find Chris, It's comforting to notice that Georgias attitude to domestic oil and gas potential is steadily improving..
If my memory serves me right, then 6 of these fields are ours.. Taribani..Mtsare Khevi..Baida.. Mirzaani..Patara Shiraki & Nazarlebi..
Arsenal , couldn’t agree more with your 20.28 comment…!!! To ALL others reads today, thanks , hopefully I am still breathing if this ever gets close to coming good…???????
Even though it is not looking like anytime soon. Will be great to get some sort of formal statement from Frr on situation, as far as their getting back to full operations, is concerned.
Agree
Great find & very interesting on that the named areas are being developed. Two of which was under Frr's control & a % of one or both should still be.
So even though nothing has come from Frr officially they might be carrying out work on the % Frr still have
And Mtsarekhevi
Good find Chris
“Currently, 16 fields are being developed in Georgia, including 15 oil fields and 1 gas-condensate field: Eastern Chaladidi, Supsa, Shromisubani, Norio, Satskhenisi, Samgori-Patardzeuli- Ninotsminda, Samgori South Dome, Teleti, West Rustavi, Mtsarekhevi, Baida, Taribani, Mirza- ani, Patara Shiraki, Nazarlebi, Rustavi (gas condensate).”
Which ones are ours? Tarabani must be surely.
Interesting little read
Currently, 16 fields are being developed in Georgia, including 15 oil fields and 1 gas-condensate field: Eastern Chaladidi, Supsa, Shromisubani, Norio, Satskhenisi, Samgori-Patardzeuli- Ninotsminda, Samgori South Dome, Teleti, West Rustavi, Mtsarekhevi, Baida, Taribani, Mirza- ani, Patara Shiraki, Nazarlebi, Rustavi (gas condensate).
Before the pandemic the plans of the closest period envisaged making comparatively more in- vestments in gas exploration and production works and facilitate the activation of geological-ex- ploration works on the territories of Georgia with gas bearing potential. Therefore, following the economic recovery and relevant works carried out afterwards, gas production may be signifi- cantly increased in Georgia in future, if the exploration results confirm at least one of the fore- cast resource data out of prospective areas.
Notably, one of the most prominent recent developments is the entrance of the OMV Petrom into the Black Sea shelf. In June, 2020 the Government of Georgia conducted the relevant ten- der and selected the company as the winner. Following negotiations State (represented by State Agency of Oil and Gas) and the company signed the respective Production Sharing Con- tract on the 10th of March. On the basis of the executed contract a license for oil and gas explo- ration and extraction on the Black Sea shelf will be granted to the oil company OMV Petrom, which is a member of the Austrian energy company OMV Group.
According to the State Agency of Oil and Gas, the case refers to the II license block of the Black Sea which starts at the Samegrelo-Zemo Svaneti border. The area of the license block is 5,282 square kilometers. According to the Agency, at the initial stage, OMV Petrom will carry out two- dimensional and three-dimensional seismic exploration works, and in case of finding relevant supplies, drilling works will start.10 By executing the Contract Georgia joined the countries which carry out exploration and extraction works in the Black Sea. The project, if successful, will sig- nificantly contribute to the energy independence of Georgia.
https://www.energy-community.org/dam/jcr:0301e6da-152a-401a-ac44-4a6779822c5b/Ge_sos_statement_0721.pdf