FINALLY ! February 14, 201916 Feb 2019 11:24
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
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