Georgia Oil & Gas
Georgia Oil & Gas Limited (‘GOG’) has a net acreage position of 6,500 km2 with working interests in 9 Production Sharing Contracts (‘PSCs’) in the Republic of Georgia. Its portfolio encompasses both production, development and exploration projects with large scale upside. GOG’s current focus is on increasing production in and the appraisal of two shallow oil fields, Norio (100% WI) and Satskhenisi (100% WI).
GOG’s portfolio is located 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. Production Sharing Contracts (‘PSCs’) and fiscal terms with regards to oil are positive for investors.
The Company is chaired by Georgian national, (Mr.) Niko Tevzadze and backed by a management team consisting of strong engineering, operating and technical expertise with extensive experience in Georgia, including hydrocarbon discovery, drilling, and re-development/side-tracking.