Georgia Oil and Gas Limited4A, Freedom Square, Entrance 2, Floor 5, Tbilisi , Georgia, United States

Georgia Oil & Gas Limited (GOG) is a British Virgin Islands registered company focussed on the Exploration and Development of Georgia’s hydrocarbon resources and the provision of selected oil and gas exploration services within the Republic of Georgia.  Since its foundation in 2010, GOG has acquired a net acreage position of 13,334 km2 with working interests in 11 Production Sharing Contracts (‘PSCs’) with the exploration license blocks valid until 2037-2039 (+ 5 years possible extension).  GOG’s portfolio encompasses both production, development and exploration projects with large scale upside. Within this portfolio, Norio Deep has the potential to be a country-changing prospect. The reservoir is part of an already prolific basin and with increasing subsurface definition through the 2019-22 work program offers an attractive prospect for farm-ins and partnership investments. GOG has a successful track-record of developing and executing a corporate strategy based our extensive regional subsurface understanding combined with international experience.

• GOG works together with other oil and gas companies active in Georgia in the following partnerships – (Block Energy) Block Satskhenisi, and (Tethys Petroleum) Block XIM and XIN.

• GOG’s strategic approach is to build on these firm foundations in Georgia to become one of the country’s leading oil and gas companies. Demonstrating to investors not only probable and proven resources within the license area(s) but also the potential for the further development of those resources.

• GOG’s portfolio is located mainly in the productive Kura Basin and is served by existing infrastructure including three pipelines. Georgia has a positive fiscal regime and the country benefits from a stable, simple, transparent and investor friendly environment.

Complex geology and reservoirs require both local knowledge and experience combined with an international outlook and approach. Georgia Oil and Gas Limited (GOG) is an ambitious Georgian company with the aim to become the premier independent oil and gas exploration and development company in Georgia by acquiring and developing exploration licences and using and applying new exploration techniques and acquiring additional seismic data.  GOG has working interests 11 Production Sharing Contracts (‘PSCs’) in Georgia (namely XIA, XIG, XIM, XIN, VIII, XIK, XIL, IXA, XIII, XIV, North Satskhenisi, Martkopi, Satskenisi) with the exploration license blocks valid until 2037-2039 (+ 5 years). GOG’s main interests are adjacent to the strategic position of Samgori-Patardzeuli Field, and within the region’s prolific Kura basin, which at its peak produced approximately 70,000 bopd and in the course of its history has produced over 200 MMbbl.  Georgia is a stable, business friendly nation with proven but underdeveloped oil and gas reserves and is of increasing interest to major producers.

Leadership 

GOG was co-founded by Mr Niko Tevzadze who is also the company Chairman. The management team consists of experienced industry professionals in geology and geophysics, operating, drilling, commercial and technical expertise with extensive experience internationally and in Georgia.

Company Structure

  Georgia Oil & Gas Limited (‘GOG’) was founded in 2010 in British Virgin Islands (BVI), first licenses were acquired in April 2011 from its shareholder company NOC (Norio Oil Company). GOG is 100% owner of Georgia Oil and Gas Limited (Georgia Branch) which acts as the representative office and Norio Operating Company Limited which acts as an operator for GOG’s field operations.

Oilfield Service Equipment and Oilfield Services 

In addition to the development of oil and gas resources, GOG also offers the full-service rental of a range of oilfield equipment within the territory of Georgia.  All our equipment is based Vaziani, 20km from Tbilisi, and located in our company warehouse/maintenance depot. The equipment is well-maintained and serviced and available for hire on a short-term or long-term contract basis. Full service and maintenance support and any required spare parts or consumables are included within the equipment hire in case of any breakdown or repair requirements. In addition to equipment hire, GOG can offer experienced operations crews who will operate the equipment at your company site.