Assets
Block Energy’s assets in Georgia blend production with development and exploration potential.
With reserves, contingent and prospective resources across our portfolio, we have a strong platform for execution of our four-project development plan focused on robust cash generation and returns for stakeholders.
| Licence | Area (km2) | Expiry Date | Fields | Associated Project(s) |
|---|---|---|---|---|
| XIB | 363.7 | 2039 | Krtsanisi, Teleti, Patardzueli, Samgori, Rustavi | Project I, Project II, Project III |
| XIF | 37.8 | 2048 | West Rustavi | Project I, Project III |
| IX | 3,726.3 | 2039 | N/A | Project IV |
| Dido Lilo | 103.1 | 2024 | N/A | Project IV |
| South Samgori | 22.1 | 2024 | N/A | Project IV |
| Norio | 22.5 | 2032 | Norio | – |
| Satskhenisi | 2.4 | 2032 | Satskhenisi | – |
| Field/Project | Type | Units | Reserves/Resources | Source | |||
|---|---|---|---|---|---|---|---|
| Reserves | 1P (Gross) | 2P (Gross) | 3P (Gross) | Mean | |||
| Krtsanisi Anticline | Oil | MMbbl | 0.19 | 1.07 | 3.01 | – | ERCE, 2022 (5 well programme) |
| Gas | BCF | 0.34 | 1.07 | 2.14 | – | ||
| Contingent Resources | 1C (Gross) | 2C (Gross) | 3C (Gross) | Mean | |||
| West Rustavi/Krtsanisi (Full Field Project I) | Oil | MMbbl | 12.5 | 19.5 | 27.5 | – | Block Energy, 2022 |
| Gas | BCF | 79.6 | 123.6 | 180.6 | – | ||
| Patardzueli-Samgori (Project II) | Oil | MMbbl | 105.1 | 235.0 | 396.0 | – | Block Energy, 2022 |
| Patardzueli-Samgori (Project III) | Gas | BCF | 926.0 | 1,072.0 | 1,222.0 | 1,073.0 | OPC, 2024 |
| Rustavi (Project III) | Gas | BCF | 884.0 | 1,062.0 | 1,245.0 | 1,064.0 | Block Energy, 2024 |
| Teleti (Project III) | Gas | BCF | 493.0 | 638.0 | 802.0 | 644.0 | Block Energy, 2024 |
| Prospective Resources | 1U (Gross) | 2U (Gross) | 3U (Gross) | Mean | |||
| Martkopi Terrace (Project IV) | Oil | MMbbl | 135.8 | 239.4 | 420.4 | 267.2 | DeGoyler MacNaughton, 2023 |
| Gas | BCF | 105.6 | 193.3 | 337.9 | 213.4 | ||
| Carbon Storage | Low | Mid | High | – | |||
| Patardzueli-Samgori (CCS) | CO2 Storage | MT | 57.0 | 151.5 | 246.0 | – | OPC, 2023 |