Oil, gas exploration tender announced in Black Sea region of Georgia
The tender was announced on January 15, 2020 for two sections of Georgia’s Black Sea shell zone. Photo: bm.ge.
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An open international tender has been announced by the State Agency of Oil and Gas for a license to conduct a search for oil and gas on the country’s Black Sea shelf, where currently no companies are operating.
The tender was announced on January 15, 2020 for two sections of Georgia’s Black Sea shell zone.
Photo: 1tv.ge.
The area of the second license block is 5,282 square kilometres, while the area of the third license block is 3,468 square kilometres.
The agency will receive applications until 6 p.m, on April 20, 2020.
The long-awaited opening of the Trans-Anatolian Pipeline (TANAP) was held on November 30 in Turkey.
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.
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An international magazine by British Petroleum (BP) Group has published a special edition about Georgia highlighting the rich heritage of the country and BP’s activities here.
Romanian oil and gas company OMV Petrom will begin oil and gas exploration operations in Georgia’s Black Sea waters.
Largest Eastern European oil company OMV Petrom and one of the ten largest oil giants in Europe, is entering Georgia to extract oil and gas in the country as a result of winning an open international tender last year, announces the Ministry of Economy of Georgia.
Largest Eastern European oil company and one of the ten largest oil giants in Europe OMV Petrom and the State Agency of Oil and Gas of Georgia have today signed an agreement on extracting oil and gas on the shelf of Georgian Black Sea waters.
Natural gas reserves in Georgia’s Black Sea shelf and exploration works planned by OMV Petrom, the largest energy company in Southern and Eastern Europe, were discussed at a meeting between Levan Davitashvili, Georgia’s Economy Minister, and the company delegation on Wednesday.