RE: GOGC website - PSA24 Aug 2022 11:05
Search georgia energy profile - net. Note co funded by the EU
1st of March 22
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).
P23
Ninotsminda Oil Company, a subsidiary of Blake Oil and Gas, extracts associated
gas in the Ninotsminda oilfield, and Jindal Petroleum Georgia, an Indian company,
extracts associated gas along with oil on the XI B licence block. The Romanian
company Marexin is carrying out gas hydrate extraction on the Black Sea shelf,
and American-owned Frontera Resources produces minor amounts of gas and
has announced the discovery of huge gas reserves, although no progress or
confirmation has yet followed.