American oil and gas corporation to study hydrocarbon resources in Georgia

American multinational oil and gas corporation ExxonMobil has shown an interest in Georgia’s potential in terms of oil and gas, is going to evaluate the potential of hydrocarbons in the country’s west. 

ExxonMobil signed an agreement on conducting fieldwork on hydrocarbon resources in Georgia with the State Agency for Oil and Gas of Georgia’s Ministry of Economy.

After completing the examination of the geological and geophysical data transmitted by the agency to the company, ExxonMobil will prepare a report.

The fact that such a large company is showing an interest in Georgia’s potential in terms of oil and gas is a promising fact of outstanding significance”, Economy Minister of Georgia Giorgi Kobulia stated.

Representative of ExxonMobil Jonathan Wilson said that they are happy with cooperation with Georgia and will be able to use the experience to study Georgian hydrocarbon potential.

We have worked for a decade in the Black Sea and the surrounding areas. And it is a pleasure to extend our knowledge and experience to evaluate the potential of Georgia. We look forward to working closely with the state agency involved in the gas sector”, Wilson commented.

ExxonMobil will provide trainings for the employers of the State Agency for Oil and Gas to perfect their skills in using the database and stratigraphic analysis.