Block Energy plc has acquired a 10% participating interest in the XIQ production sharing contract containing Martkopi Terrace prospect with 267.2 MMbbl prospective resources in Georgia. STRATEGY XIQ comprises six PSCs of XIC, XIK, XIM, XIN, XIQ and Didi Lilo, which were combined in 2024 to create the enlarged single PSC to attract a farm-in […]
Tag: Martkopi Terrace prospect
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). […]