Exxon officially in Georgia23 Oct 2018 16:19
An agreement on the study of geological and geophysical materials was signed between the State Oil and Gas Agency and the company Exonmobile.
According to the Ministry of Economy and Sustainable Development, the company will evaluate the potential of hydrocarbons in West Georgia. The Parties agreed that, after completing the geological and geophysical data transmitted by the Agency, the "exonmile" report and the integrated database will be prepared by the state.
According to company representative Jonathan Wilson, they are happy with cooperation with the Georgian side and will be able to use the experience to study Georgian hydrocarbon potential.
"On behalf of ExxonMobil I would like to tell you that we are pleased to be here and that we have signed a cooperation agreement. More than a decade, we work in the Black Sea and in the nearby regions and we are ready to use our knowledge and experience to assess Georgia's potential. We hope to be closely cooperating with relevant state agencies. It is also very pleasant that the signing of the agreement was signed in this beautiful city in Tbilisi, "said Jonathan Wilson.
According to Giorgi Tatishvili, Head of State Oil and Gas Agency, it is very important to cooperate with one of the largest companies in the world.
"On the basis of this agreement," Exonmobil "will prepare and report to the Agency on the potential of hydrocarbons in West Georgia. This report will be used to plan further work, which will ultimately lead to new discovery of oil and gas accumulation, "Tatishvili said.
According to him, "Exmnomi" will also be trained by the staff of the Agency in the use of the database and the stratigraphic analysis.
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