Block Energy plc has upgraded internal 2C contingent recoverable resource estimates to 2.77tcf for the Rustavi and Teleti fields in Georgia. PROSPECTIVITY Project III focuses on the undeveloped gas-bearing natural fracture system within the Lower Eocene and Upper Cretaceous reservoirs – each more than a kilometre thick – across blocks XIB and XIF. The company […]
Tag: Block Energy plc
Block begins project III farm-out process
Block Energy plc has started the farm-out process for the Patardzueli-Samgori field within licences XIB and XIF, or project III, in Georgia. INFRASTRUCTURE The company appointed UK-based LAB Energy Advisors Ltd for the process following last week’s independent assessment of more than one trillion cubic feet of 2C contingent gas resource to the field. Project […]
Block prepares farm-out process for Georgia gas
Block Energy plc is preparing the farm-out process for the company’s project III, comprising blocks XIB and XIF, in Georgia. STRATEGY The project spans the three fields of Patardzueli, Rustavi and Teleti, which are all under a PSC until 2048. Operations focus on the “multi-tcf undeveloped gas resource” within the Lower Eocene and Upper Cretaceous […]
Block JV holds 300mmboe in Martkopi Terrace
Block Energy plc said it held 302.8million barrels of oil equivalent of mean unrisked prospective resources in the Martkopi Terrace prospect within its Georgia gas portfolio. FARM-OUT The figure from consultant DeGoyler MacNaughton’s report cover Block’s project IV, comprising Didi Lilo, licence XIF and exploration licence IX with private farm-out partner and operator Georgia Oil & Gas Ltd (GOGL). […]
Block starts production at WR-34Z
Production at 150 boepd began last quarter from Block Energy plc’s third well of project I in the West Rustavi-Krtsanisi field, onshore Georgia. OPPORTUNITIES The company’s quarterly report showed an average production during the third quarter dip to 630 boepd (Q2: 664 boepd). Gross production totalled 58 Mboe (Q2: 60.4 Mboe) comprising 44.3 Mbbls of oil and 13.6 Mboe […]
Block reaches total depth in sidetrack well
Block Energy plc said its in-house team had reached total depth in the WR-34Z sidetrack development well in the West Rustavi-Krtsanisi field, Georgia. DEVELOPMENT The well will be tested before coming into production alongside the first two project I wells, JKT-01Z and WR-B01Za. Drilled from an existing donor well, WR-34Z horizontally tracks the upper part of […]