September 2021-SoS statement for Natural Gas16 May 2022 20:31
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