RE: Unprecedented” $6 billion United Arab Emirates investment28 Jan 2025 09:21
US Oil service giant Schlumberger on this project!
Work so far
Patardzueli-Samgori is also the initial appraisal target for Project III, with the focus on the site’s gas formations located underneath its producing oil reservoirs. Traditionally, upstream development in Georgia has focused on oil, while gas has largely been overlooked, Robson said. These reservoirs are also very complicated, with natural fracturing caused by tectonic activity resulting from the collision of the Eurasian and Arabian plates many millions of years ago. Modern technologies have been able to unlock similar types of fields, with projects in Kurdistan being an example.
US oilfield services giant Schlumberger drilled a well at Patardzueli-Samgori to appraise the deeper gas in 2018, with Block acquiring the licence two years later. More than 15 gas tests have been undertaken at the three gas fields, with the company having an “excellent” dataset also including 3D seismic, logs and other geological and geophysical information, Robson said.
An independent audit by UK geoscience consultancy OPC published in February last year places Patardzueli-Samgori’s 2C recoverable contingent gas resources at 1.2 trillion cubic feet (35bn cubic metres), with 2C resources across Project III’s fields assessed at 2.9 tcf (84 bcm). Block completed an integrated full field development study in 2023, including reinterpretation of 3D seismic data, well design and planning, third-party conceptual development engineering and cost estimates of a pilot scheme and full field processing facilities.
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