LONDON: Block Energy plc, a prominent player in the development and production sector in Georgia, has joined forces with JSC Rustavi Azot, a subsidiary of the esteemed Indorama Corporation Pte Ltd. The collaboration is set to explore the potential of a Carbon Capture and Storage (CCS) project within the prolific Patardzeuli-Samgori Middle Eocene reservoir. The…
LONDON, UK: Block Energy plc announced that following Georgian Oil & Gas Corporation (GOGC) completing the tie-in of Bago LLC’s gas pipeline into GOGC’s main gas pipeline, gas sales from its West Rustavi field in Georgia have commenced. West Rustavi wells WR-38Z and WR-16aZ have been on continuous production since 28 January 2021 and 3…
LONDON: Block Energy plc, the exploration and production company focused on Georgia, announced the completion of Block’s acquisition of Schlumberger Rustaveli Company Limited (SRCL). The completion of the acquisition means Block now holds licences for Georgian onshore blocks IX and XIB. These are transformational assets that, as well as significantly increasing production, will provide several…
LONDON: Block Energy Plc, the exploration and production company focused on the Republic of Georgia, has entered into a gas sales agreement with Bago LLC, one of the largest private gas suppliers and purchasers in Georgia, for the offtake of gas produced at the Company’s flagship West Rustavi field. Under the terms of the Agreement,…