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Project II

Patardzeuli/Samgori oil re-development

Project II aims to redevelop the Middle Eocene reservoir of the Patardzeuli-Samgori field, to which our internal Contingent Resource report ascribes Gross 2C Contingent Resources of 235 MMbbl. Additional potential exists in Upper Eocene reservoirs within the area.

  • Historic 20th century production of 55,000 bopd
  • 235 MMbbl 2C Gross Contingent Resource
  • The large legacy well stock provides ample opportunity for drilling low-cost infill side-track wells to access the remaining oil resources
  • The largely undrained south-west end of the Patardzeuli-Samgori structure will be developed with deepening existing wells, new and side-track wells
  • Appraisal well JSR-01 gave valuable information informing future development opportunities and reservoir mapping
  • The largely undrained south-west end of the Patardzeuli structure will be developed by deepening existing wells, new and side-track wells
  • Additional potential within the Teleti and Rustavi fields
  • Adjacent to XIF licence with existing processing and sales infrastructure enabling rapid monetisation of hydrocarbons produced
Geological mapping of Patardzueli-Samgori Middle Eocene before and after the application of image driven technologies for fracture identification and production correlation

1C Gross Contingent Resource (MMbbl)2C Gross Contingent Resource (MMbbl)3C Gross Contingent Resource (MMbbl)
105.1235.0396.0
Patardzueli Middle Eocene Contingent Resources, Block Energy Internal Contingent Resource Report,
2022

Block Energy
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