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Ministry of Economy: We are not negotiating with the Iranian side on gas supply
According to the Ministry of Economy and Sustainable Development of Georgia, Iranian gas is not in negotiations with Georgia.
"At this stage, we are not negotiating any issues with the Iranian side on gas issues, because this issue is related to technical, legal and commercial problems," explained BMM Economics Ministry.
Whether there is any meeting on this issue, the agency does not confirm such information.
By the end of last month Prime Minister of Armenia Nikolas Pashignan and Iranian President Hassan Rouhani discussed Iranian gas exports in Georgia. The Armenian media disseminated the abovementioned information.
As the local media sources say, the Iranian president said after the meeting with the Pashtuni that the Iranian side is ready to begin a form of trilateral cooperation for Georgia's exports to Georgia.
Source: BMG
# Gas # Gas Supply # Iran # Energy Power 2019 # Energy Platform
Ukraine may hold a tender for the development of a hydrocarbon production area on the Black Sea shelf at the proposal of the American Frontera
1 min read
Ukraine may hold a tender for the development of a hydrocarbon production area on the Black Sea shelf at the proposal of the American Frontera
Ukraine, at the suggestion of the American company Frontera Resources, may hold a tender for the development of hydrocarbons in the PSA within the Dolphin site located in the northwestern part of the Black Sea continental shelf.
The corresponding draft resolution is included in the agenda of the Cabinet of Ministers on Wednesday, March 6.
Read the news also on the website "Energy Reform"
The total area of ??the site is 9.772 thousand square meters. km Presumably the minimum investment should reach 1.5 billion UAH. The conditions of the competition also stipulate that the size of the minimum share of the state in a profitable product is 11%.
The winner of the development tender for the PSA will have to provide a geological survey of the subsoil at the site, including the drilling of at least five wells during the first five-year stage of geological exploration.
Frontera Resources Corporation, founded in 1996, is engaged in the exploration and production of gas and oil. The company's strategy is to search for prospects for the extraction of hydrocarbons in the markets of Eastern European countries that belong to the Black Sea basin. The proven natural gas reserves of the company in Georgia amount to about 300 billion cubic meters. m
https://interfax.com.ua/news/economic/570615.html
ill keep the info to myself in future
I see frontera listed as AmCham Company Members as of February 2019 but I also spotted 'BP Exploration Georgia' as a member ..... dont think ive come across this anything 'exploration' related with BP Georgia before? is this a new division of BP?
http://investor.ge/res/2019_1.pdf
Really bored so picking the internet to bits trying to find scraps and came across a large azier doc about oil and gas prospects and it reads very similar to Frr and mentions “taribani areas” .... anyway Here’s a small part
The Maykop sediments are considered to be more promising in oil-gas fields in the northern areas of the region, since the Maykop reservoirs are characterized by better collector properties. The oil and gas prospects of the Upper Miosene relate to Sarmat reservoirs, which are related to lithium-stratigraphic and structural-tectonic traps in the central and outer parts of the depression. Here are the oil-bearing sandstone layers with a thickness of up to 20-25 m in the Upper Sarmatian section (Çatma, Tulkütepe, Eldaroyugu and others), attracting attention as sought-after objects. Opening of these sandy layers in the Qabirryani zone (Qatar, Taribani areas) is seen by oil and gas manifestations. Note that considering the degree of study of the Maykop and Sarmat sediments, they can not be regarded as separate search engines. Therefore, the study of the oil and gas prospect of these facilities is recommended only with exploration wells to be drilled to the Eocene and Tabriz sediments, which form the lower part of the cut
http://anl.az/el/Kitab/2018/10/cd/Ar2018-1350.pdf
Document is 100’s of pages long but I’m on my phone so not able to translate any more of it
Natia Turnava: Georgia Supports Development of South Gas Corridor
Georgia supports the development of the South Gas Corridor. It is important that Europe will receive natural gas via the mentioned corridor, which will pass the territory of Georgia.
In the frames of the visit to Azerbaijan, the Deputy Minister of Economy and Sustainable Development Natia Turnava held a bilateral meeting with BP Regional President Gary Jones, as well as with the heads of large Azerbaijan energy companies.
http://cbw.ge/economy/natia-turnava-georgia-supports-development-of-south-gas-corridor/
Nice one bugs
Were all bored out our tits and rapidly loosing patience
BP: Southern Gas Corridor could be expanded if and when additional gas volumes are available
The capacity of pipelines along the Southern Gas Corridor running from Azerbaijan to Europe could be expanded if and when additional volumes of gas become available, Bakhtiyar Aslanbayli, BP’s vice president for Azerbaijan, Georgia and Turkey, said.
https://www.azernews.az/oil_and_gas/145945.html
chances are slim but anyone a subscriber to this site so we can see the full article?
GEORGIA SEEKS NEW GAS SOURCES
Feb 14, 2019
https://www.naturalgasworld.com/georgia-seeks-new-gas-sources-68011
i did ! thank you
Finally Georgia is recognizing its own oil and gas potential ! even a Picture of block 12 in the link
The government of Georgia at the end of 2019 will announce an auction for the development of oil and gas resources in the Black Sea , The government of Georgia at the end of 2019 will announce an auction for the development of oil and gas resources in the Black Sea of Tbilisi. The government of Georgia at the end of 2019 will announce an auction for the development of oil and gas resources in the Black Sea.
This was announced by the Minister of Economy and Sustainable Development of Georgia G. Kobulia in parliament.
Exxon Mobil is already conducting a study of the potential of the Georgian sector of the Black Sea, which should be completed at the end of 2019.
Thereafter, the Georgian government will announce an auction for the development of oil and gas resources in the promising sector.
In addition, American Schlumberger is showing interest in gas production in Georgia.
The company has already drilled several wells with positive results.
According to G. Kobulia, in the aggregate, geological exploration (GE) will give Georgia the opportunity to obtain certain industrial volumes of its own gas.
So far, all developed oil and gas reserves in the country have been explored back in Soviet times, in the 1970s.
Recall that in 2018 more than 30 thousand tons of oil and 16.5 million m3 of gas were produced in Georgia.
This is comparable to daily production at the average field.
Of course, this is not enough, so hydrocarbons are additionally imported from Azerbaijan, Russia, Romania and Bulgaria.
On average, Georgia consumes about 1.2 million tons / year of oil products and about 2.5 billion m3 / year of gas.
It is not the first time Georgian authorities have been talking about geo-exploration in the Black Sea.
Still, Russia, Ukraine and Romania have success in this field.
Turkey also did not stand aside.
On the shelf of Georgia there are subsurface areas promising from the point of view of hydrocarbons.
Anadarko previously conducted exploration in the Black Sea of Georgia in 2000–2009, and found promising oil reserves in 2 subsoil areas in the amount of about 140 million tons.
However, there may be other promising, including deep-water areas of the subsoil.
They are looking for Exxon Mobil.
for 20 years, Frontera has repeatedly announced the giant discoveries of gas in Georgia In 2016, Frontera Resources boldly announced the discovery of reserves of 5.3 trillion m3 of gas in Eastern Georgia, stating that in 2021 it would begin to export gas to Turkey and Eastern European countries, which was not confirmed later.
As of January 1, 2017, prospective oil resources in Georgia are estimated at 168 million tons.
This is the minimum estimate, and the optimal prospective resources of the country of Georgia are estimated at 913 million tons of oil, and optimistic resources - 4 billion tons
Several countries that currently rely on Russian supplies,or serve as major transit corridors for Russian and Caspian
gas, actually have ample hydrocarbon reserves. They can become independent—or nearly independent—as far as
their natural gas supply is concerned.
For example, Georgia has emerged as a potentially important hydrocarbon source for Europe. On October 8, 2015, Frontera Resources announced its discovery of massive resources of gas in eastern Georgia, where it is already producing oil and gas. The company estimates natural gas resources to be 3.8 trillion cubic meters (tcm) of gas in place in its South Kakheti Gas Complex.38 Frontera’s oil holdings in the country have been independently estimated
to exceed one billion barrels in place, and a new estimate of recoverable and economically viable gas reserves will be
forthcoming. Provided the size of this large-scale discovery is confirmed independently, and geopolitical challenges are handled successfully, this means that Georgia, a low-middle-income country, could become a net exporter of gas rather than a net importer. The South Kakheti find can supply Turkey, Romania, Ukraine, and European markets farther west. As these gas resources are brought to market, Georgia could export gas via a small-scale LNG terminal located on the Georgian Black Sea coast, or via the Main Export Pipeline to Turkey and TANAP
http://www.petroleumclub.ro/downloads/links/Black_Sea_Energy_Atlantic_Council_Report_nov_2015.pdf
Open International Tender to obtain the License for the Use of Oil and Gas Resources on the following Contract Areas (link has a picture of the blocks).
Bid submission deadline is the 10 April 2019 and 'All bids shall be opened publicly' (guessing that means we will be aware of who is bidding for these blocks?).
will be interesting to see who is jumping aboard
http://www.deik.org.tr/uploads/2019-0042-ihale-ek-1.pdf
The Ministry of Economy monitors the requirements of natural gas distribution companies, as well as the construction of gas infrastructure - the physical and legal persons detained in the installation.
Representatives of the Ministry of Economy and Energy Sectors discussed the challenges and ways of overcoming the gas infrastructure. At the meeting, the Parties noted that gas distribution and infrastructure construction companies should take into account the enhanced workforce qualification improvement and retraining programs. Besides, it was also noted that the Georgian Technical University, with its intellectual and technical resources, can enroll retraining programs and train the personnel in gas companies directly connected to gas infrastructure and equipment.
Ministry of Economy and Sustainable Development # Gas # Gas Supply # for more safety # Energy # 2019 # Energy Platform
Within the agreement signed between LEPL Oil and Gas Agency of the Ministry of Economy and Sustainable Development, Exon Mobil specialists together with Georgian colleagues are familiar with the materials stored in geological funds.
The world giant carries out assessment of hydrocarbon potential of western Georgia, the first phase of this process, means familiarization and systematization of the materials stored in the foundations.
Study of materials is not only interesting in geological terms. In studying a 40-year-old account of one of the bore drums, Exxon geologist Tina Meskhi found that one of the dragon masters was months old with the old Georgian names
Al-Haj Group was interested in the tender announced by the State Oil and Gas Agency
Delegation of Al-Haj Group of Oil and Gas State Agency of the Ministry of Economy and Sustainable Development of Georgia visited
The Chairman of the Group Senator Taj Mohamad Afridi met with Giorgi Tatishvili, the head of the agency. Senator was interested in Georgian hydrocarbon resources and current tender.
During the meeting, the head of the Agency talked about the implemented projects and future prospects in Georgia.
The Senator emphasized his great interest in Georgia's hydrocarbons potential and expressed willingness to cooperate in the future.
The Alhag Group is Pakistan's largest conglomerate operating in different areas of business. The company owns a number of oil and gas exploration and extraction licenses in Pakistan and represents Shell Pakistan's strategic partner and has a strategic partnership with NATO's ISAF mission in Afghanistan.
Atlantic Council and Gerogian Embassy having a little get together, nothing too exciting
A Reception with the Embassy of Georgia
January 30, 2019 from 5:00 p.m. to 7:00 p.m
This reception will bring together a community of experts as well as congressional staffers to enhance the strategic dialogue between Georgia and the United States as well as provide the opportunity for cross-cultural connections.
looks guys its still to early to say whether this is good or bad, the fact we are private may allow the company to divulge more .....or not ... but no one on here was able to make a clear investment decision based of facts from the company cause there has been so many thing that have been unearthed that we knew nothing about. if you take the info we were given as fact then we all made the right decision investing heavily in a company with amazing assets in a strategical location.
we find out about important investing changing decisions long after the events look place. so our vision was distorded.
lets wait and see