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forgot to clarify that this is a tender for a pipeline project in Georgia for the SGC
Back in May 2017 it was stated that 'BP plans to complete the Georgian section of the Southern Gas Corridor (SGC) by mid-2018'. see link below
https://www.azernews.az/oil_and_gas/112278.html
so why almost a year after completion have I found a pipeline tender that states 'Southern Gas Corridor, 1,850-kilometer pipeline Latest Developments' dated 16/06/2019 ....
http://epctender.com/index.php?route=information/country&country_id=80
unfortunately you have to register with your companies details to be able to view the tender information but still interesting if you ask me.
looks like ZAZA message to YJ was correct that FRR are still active in Moldova see below:
The Moldovan government has information that a concession agreement giving Frontera Resources the right to explore and produce hydrocarbons at a site located in the Dobrudja zone in the south of Moldova may be terminated if the investor does not start fulfilling its obligations specified in the contract.
similar to what the GG are saying
http://logos.press.md/1288_07_1/
but FRR also initiated the competition .....which dosn't make sense. do FRR honestly think they can compete with a subsidiary of SOCAR ? especially when the parent company had agreed to fund operations and provide all the ground support required in the event of a discovery ...
so many questions and i wonder if we will ever get ZAZA in a room to ask
totally agree. if we win this tender it will speak volumes . cant see it happening tho
Not later than July 12, the Interdepartmental Commission for the PSA, and subsequently the Cabinet, should determine the winner of the competition on the Dolphin area on the Black Sea shelf.
The first reaction after the experts' information on the submission of four applications for participation in the competition section of the Dolphin - a real contest will be between the initiator of the competition - the American company Frontera Resources Azerbaijan and Caspian Drilling Company (daughter of national company SOCAR).
However, the introduction of competitive application Frontera Resources showed that the company is currently in a very difficult financial situation, which is one of the important indicators of estimates in determining the overall assessment of the application, and has no experience in offshore (also estimated).
its an interesting 8 page doc that i found and looks like we will get to know the winner before friday
http://www.ukrrudprom.com/digest/CHomu_shelfov_rodovishcha_Delfnu_mogut_vdyti_vrtualnim_nvestoram.html?print
This a new doc Bugsy ?
dated 10-6-2019
The Minister of Economy and Sustainable Development of Georgia underlined that Georgian government has made significant efforts to diversify energy lines and other natural gas sources.
'Georgia takes important steps towards the development of natural gas projects in the region, she emphasized.
https://menafn.com/1098625851/Turnava-Azerbaijan-is-Georgias-main-partner-in-gas-supply
think ii board need to stick to FRR, i see a second none FRR thread has started. The bloc thread feel like salt in the wound when you have no spare money to invest and now sound energy thread.
you mean there no longer a public limited company
nice one ziggy
i am sure our main man taffy has posted it already but just noticed this uploaded this morning.
Thursday, Aug 1 2019
3:19-cv-01996-RS - Frontera Resources Corporation et al v. Hope et al
Initial Case Mgmt Conference
http://www.cand.uscourts.gov/CEO/cfd.aspx?7141
01 July 13:01
The American company "Frontera Resources International LLC", which obtained the exclusive right to explore the territory of the Republic of Moldova for the identification and production of hydrocarbon resources, is no longer active in our country, writes TV8.
The US company, which obtained the exclusive right to explore the territory of Moldova to find oil, suspended its activity (TV8)
The concession contract he signed with the state in January 2017 was suspended, the source quoted.
According to the contractual agreements, "Frontera" was to explore for about five years about 40% of the territory of the Republic of Moldova, with a possible extension of the term for 45 years. The company had promised initial investments of six million dollars, with a possible increase of investments in the Republic of Moldova up to 500 million dollars.
The concession project signed with "Frontera" was praised by the Government of the Philippines.
Until now, the US company has not invested any leu in Moldova and has not started geological exploration activities to identify hydrocarbons.
https://m.radiochisinau.md/compania-americana-care-a-obtinut-dreptul-exclusiv-de-a-explora-teritoriul-r-moldova-pentru-a-gasi-petrol-sia-suspendat-activitatea-tv8---90522.html
yes Tsbs, surly frr cannot compete with that ? they have no offshore experience, all very strange
Trident Acquisitions offered Ukraine an investment of $ 1 billion
Interfax-UkrainePhoto: Facebook
American Trident Acquisitions Corp, which submitted one of four applications for the development of the Dolphin site under the terms of the Production Sharing Agreement (PSA) on the Black Sea shelf, declares its readiness to invest $ 1 billion in investments.
"We offered Ukraine investments in the amount of $ 1 billion, the start of production after 3.5 years in the event of discovery of reserves and an experienced team of developers of offshore fields," wrote Ilya Ponomarev, the company’s former deputy, in Facebook, who received Ukrainian citizenship in May by decree President Petro Poroshenko.
"We are looking at what competitors will say, keep their fists and hope ...", he added.
Trident acquisitions has offered $1billion in investment and plan to start production after 3.5 years in the event of a discovery.
they also made comment that 'We are looking at what competitors will say, we keep fists and hope' (guessing that means fingers crossed).
will be interesting to see if FRR respond.
BP has announced their new country manager for Georgia and she was previously a well Completions' Engineering Manager....... starts her new role next month
'Completions' Engineering Manager at BP Ann Davies will take up her duties as the company's country manager for Georgia from July 2019, BP Azerbaijan told Trend '
https://menafn.com/1098530228/BP-names-new-country-managers-for-Turkey-Georgia
very strange and my first thought was the NDA as well , but didnt taffy say we could pay for the docs? how much is it? if its only a few hundred quid im sure we can raise that here with small donations from everyone?
sorry about the double post, yeah the off shore part is strange, all sounds way over and above what FRR could deliver ..... wonder if BH will support ?
Kolomoisky's lawyer at the head of the AP demands to continue the scandalous competition for the most gas-bearing section in the Black Sea
[08:00 June 12, 2019]
The head of the Presidential Administration urged to continue the competition to conclude production sharing agreements for the Dolphin site on the Black Sea shelf for at least 120 days. This is stated in the letter of the head of the Presidential Administration Andrei Bogdan to the Cabinet of Ministers.
The competition was started on April 12, the deadline for submission of applications was reduced to 60 days by the government, therefore, it will expire on June 12. “Given the scale of the site, which area is more than 9.4 thousand square meters. km, and the complexity of the implementation of such a project, Ukraine needs to attract foreign gas companies with practical experience on the shelf, as well as with appropriate technical and financial support, ”the letter says.
The continuation of the competition will expand the range of international bidding companies and increase the transparency of the evaluation process of their bids, the letter says.
According to a source at the Ministry of Energy, on June 12 at least two foreign companies will apply for the competition. The first is the American firm Frontera Resources. The second is the American investment fund Trident Acquisitions, which is managed by Ilya Ponomarev, who recently became a citizen of Ukraine.
Direct applicants from Ukraine are also possible, at the same time, hardly any of them will have the necessary experience in the implementation of such oil and gas projects on the shelf.
Previously, journalists found that the right to develop and produce hydrocarbons in one of the largest gas-bearing areas in the Black Sea “Dolphin” can get an American company with a dubious reputation. Frontera Resources has dubious projects in Moldova and Georgia, and its financial report for the part of 2017 and 2018 indicates that the company is unprofitable.
Market participants stated that the government artificially limits applicants for gas production in the offshore section.
Hi Bigdave , thinks ive seen you post twice in the last week regarding the GG doing a back hander to zaza and conning investors. Georgia spent the last few years trying to encourage foreign investment by portraying them self as honest and transparent, with ambitions to be an energy hub, currently ranked 9th in the world for ease of doing business with massive new tax benefits for multinational companies that set up base in Georgia. The GG will play this straight.... last time the gave FRR grief Ted Poe pipped up