Block Energy plc plans to drill a sidetrack using directional pilot ‘slim hole’ technology in late September-October on the West Rustavi/Krtsanisi field, onshore Georgia. FARM-OUTS Operations, funded from existing cash resources, are part of project I, one of four running simultaneously in the company’s portfolio. Block said that the technology would be used for the first […]
Tag: Georgia Oil and Gas Ltd
Block completes farm-out for part XIB
Block Energy plc has completed the farm-out to Georgia Oil and Gas Ltd (GOG) of part of licence XIB in Georgia. RESOURCE The transaction, announced in December 2022, results in the company now holding a 50% interest in the new Didi Lilo and South Samgori areas of XIB. Block said that GOG had completed the seismic activities agreed under […]
Block agrees farm-out for licence XIB
Block Energy plc has signed a farm-out agreement with Georgia Oil and Gas Ltd (GOGL) for 50% of its XIB licence in Georgia. LICENCE XIB The licence covers a total 614 km2 and includes the Patardzeuli, Samgori, Teleti and Rustavi fields which Block said had produced more than 180 MMbbl of oil. The company added that the portions of […]