West Rustavi Onshore Oil & Gas Field

Development Stage Oil and Gas field, Block Energy interest currently 5% with option to move to 75%

  • 36.5 kilometre squared with multiple wells that have tested oil & gas from multiple geological horizons
  • P2 reserves of 16.3 million barrels of Oil (Russian C1 category)
  • 620 billion cubic feet ("bcf") of light sweet gas potential (Russian C2 category)
    • New PSC, valid until 2042 with optional 5 year renewal
    • Active neighbours Schlumberger & MND
    • Industrial gas market within <10km at Rustavi Industrial Complex
    • No taxes or discovery bonus applicable
    • No minimum work programme to fulfil