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Interesting read and mentions FRR!
https://r.search.yahoo.com/_ylt=AwrIdVwR6W9ibSUAfA1B4iA5;_ylu=Y29sbwNpcjIEcG9zAzgEdnRpZAMEc2VjA3Ny/RV=2/RE=1651530129/RO=10/RU=https%3a%2f%2fwww.transparency.ge%2fsites%2fdefault%2ffiles%2fOil%2520and%2520Gas%2520Potential%2520of%2520Georgia_ENG.pdf/RK=2/RS=7IkegNTdDZ04KOae.1JY_OztrMo-
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Latest Events
2021-03-01 - 2021-05-31
Change of status from 'Active' to 'In Existence'
2021-03-01 - 2021-05-31
Removal of officer STEPHEN HOPE, director
2021-03-01 - 2021-05-31
Removal of officer ZAZA MAMULAISHVILI, chief exec
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Looed! Totally understand what your saying, we all deserve to know what’s going on by now from the company! Has anyone reached out by way of email to the ceo?
https://r.search.yahoo.com/_ylt=AwrIdVwTi29i.UQALQdB4iA5;_ylu=Y29sbwNpcjIEcG9zAzIEdnRpZAMEc2VjA3Ny/RV=2/RE=1651506068/RO=10/RU=https%3a%2f%2fwww.dnb.com%2fbusiness-directory%2fcompany-profiles.frontera_resources_corporation.3c3e8b69e487b564fdaa50dc8c90ef50.html/RK=2/RS=MhNZ4Wk2.IpjvJqJyY7K9aEvLIg-
For your information the last 2 posts late last night were from an energy statement of Georgia!!
It is up to date and recent, see the date!
I was so tired I stupidly deleted my findings after a hard days work, I will do my best to find the article and post it. Certainly FRR operations are ongoing in Georgia.
Part2
package.
Oil and gas exploration in Georgia is conducted by 11 investors under 23 production sharing agreements (PSAs). There are 338 active wells, and nearly 30 000 tonnes of oil and 10.2 mcm of gas were produced in 2020.
PSAs are executed in most of the country's oil and gas prospective land areas and the Black Sea shelf. Oil and gas operations in Georgia are carried out by the following contractor companies: oil company OMV Petrom S.A (Black Sea II licence block); Ninotsminda Oil Company Ltd (licence blocks XIE); Nazvrevi Oil Company Ltd (licence block XID); Martkopi Oil Company Ltd (licence block XIC); Frontera Eastern Georgia Ltd (licence block XII); West Gulf Petroleum Engineering Company Ltd (licence block V); Georgia Coalition Energy Ltd (licence blocks VIA, VIB); Georgia Oil and Gaz Ltd (licence blocks VIII, XIG, XIM, XIN, XIC Martkopi, XIC North Satskhenisi, XIV, IXA, XIK, XIL, XIA; XIH); Nautic AWT Energy Pte Limited (licence block VIIB); JSC Georgian Oil and Gas Corporation (licence block XIB South dome of Samgori); Block Energy (licence block XIF, XIC Norio-Satskhenisi, XIC satskhenisi, IX, XIB).
An open international tender has been announced for the licence block III. The tender ends on 1 March 2022.
Six investment companies are currently carrying out extraction work in Georgia: Ninotsminda Oil Company, Block Rustaveli Company Limited, Frontera Resources Georgia, Nautic AWT Energy Pte Limited, Block Energy, and Georgian Oil and Gas Corporation. Other companies are conducting exploration work only.
This tells me we are alive and kicking!!
Georgia has gas pipeline connections with Armenia, Azerbaijan, Russia and Turkey, and oil connections with Azerbaijan and Turkey as well as a Black Sea oil terminal in Supsa. It imports natural gas from Azerbaijan and Russia, and transits gas from Russia to Armenia and from Azerbaijan to Turkey. Georgia’s oil product imports come from Azerbaijan and Russia, and it transits crude oil from Azerbaijan to Turkey.
The Baku-Tbilisi-Ceyhan (BTC) pipeline transports crude oil from Azerbaijan via Georgia to Turkey’s Mediterranean port of Ceyhan, and from there the oil is shipped by tanker to world markets. The BTC pipeline is 1 768 km long, with 443 km in Azerbaijan, 249 km in Georgia and 1 076 km in Turkey, and has been in operation since May 2005. It has ample free capacity and transports some Turkmen and Kazakh oil as well.
Operational since 1999, the Baku-Supsa Pipeline transports crude oil from offshore oilfields in the Caspian Sea (belonging to Azerbaijan) to Supsa, Georgia, on the Black Sea, where it continues to European markets via tankers. Of the pipeline’s 829 km, 375 km are in Georgia, and it has a capacity of 145 000 bbl/day.
The Karadaghi-Tbilisi gas interconnection is the main pipeline for Georgia for the import of gas from the Azeri gas field, by the State Oil Company of Azerbaijan Republic. Its construction began in 1959, its diameter is 700 mm, and the Georgian section is 46 km long.
More gas imports reach Georgia from Azerbaijan by way of the South Caucasus Pipeline (SCP), which transports gas from the Shah Deniz field parallel to the route of the BTC crude oil pipeline from Azerbaijan through Georgia to Turkey. The SCP is 692 km long (442 km in Azerbaijan and 250 km in Georgia), 1 067 mm in diameter and has a capacity of 8 bcm.
In 2019, with completion of the second phase of Shah Deniz gas field development, SCP Expansion (SCPX), and Trans-Anatolian Natural Gas Pipeline and Trans-Adriatic Pipeline construction, additional gas started flowing to Turkey and then to European countries for a total volume of 16 bcm. To increase system transmission capacity to 24 bcm, a parallel gas pipeline and additional compressor plants (61 MW capacity each) were constructed in Georgia under the SCPX and commissioned in 2018.
Underground gas storage is one of the facilities crucial to Georgia’s energy security, to provide seasonal balancing of supply and demand as well as compensate for possible supply interruptions. A 2016 feasibility study by the French company Geostock concludes that it is technically feasible to build an underground gas storage facility in the depleted Samgori Southern Arch oilfield and defines conditions for its commercial viability. The project is postponed for an unspecified time as the funding was diverted for the Covid-19 relief
Continued
Frontera Resources Corporation has increased the gas resource estimate of its operations in eastern Georgia more than tenfold, compared to previous estimates.
In April this year, Frontera revealed that independent consulting firm Netherland, Sewell & Associates confirmed combined prospective natural gas resources of 12.9 trillion cubic feet of gas in place, with as much as 9.4 trillion cubic feet of recoverable prospective natural gas resources, at the Mtsare Khevi Gas Complex and Taribani Field Complex, which were both combined to form the South Kakheti Gas Complex. In addition to gas resources previously identified for subsets of this combined area, Frontera’s ongoing work recently concluded new estimation of as much as 135 trillion cubic feet of gas in place from reservoir targets found between 984 feet and 16,404 feet in depth. Following Frontera’s considerable resource upgrade, an independent assessment of the company’s new internal estimates is now underway.
Steve C. Nicandros, chairman and CEO of Frontera, commented in a company statement:
“Our ongoing investments in Georgia have continued to reveal the emergence of what we believe to be a world class gas play with the identification of the South Kakheti Gas Complex. Much like the recent evolution of similarly prolific gas plays in the United States that have transformed the USA’s energy independence trajectory, our results continue to indicate that Georgia has the natural gas resources to follow a similar path. We believe that our ongoing work will further serve to establish Georgia’s domestic energy independence in the years to come and also make it a strategic supplier of gas to Turkish and European consumption markets.”