“Exploration and Development of Georgia’s Hydrocarbon Resources.”
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 independent Georgian company with the aim of becoming the premier oil and gas exploration and development company in Georgia by acquiring and developing exploration licenses, applying new exploration techniques, and acquiring additional seismic data.
Portfolio and License Position
GOG has working interests in 3 Production Sharing Contracts (PSCs) in Georgia (namely XIQ, XIᴴ, XIᴳ), with exploration license blocks valid until 2047 (plus a 5-year extension). GOG’s main interests are adjacent to the strategic Samgori-Patardzeuli Field and within the region’s prolific Kura Basin, which at its peak produced approximately 70,000 bopd and over the course of its history has produced more than 200 million barrels of oil.
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 also serves as the company Chairman. The management team consists of experienced industry professionals in geology, geophysics, operations, drilling, commercial, and technical disciplines, with extensive experience both internationally and in Georgia.
Company Structure
Georgia Oil & Gas Limited (GOG) was founded in 2010 in the British Virgin Islands (BVI). The first licenses were acquired in April 2011 from its shareholder company NOC (Norio Oil Company). GOG is the 100% owner of Georgia Oil and Gas Limited (Georgia Branch), which serves as the representative office, and Norio Operating Company Limited, which acts as the operator for GOG’s field operations.
Portfolio
Currently, GOG has a net acreage position of 2,015 km² with working interests in 3 Production Sharing Contracts (PSCs) in the central part of the Republic of Georgia.
GOG’s portfolio is located within the productive Kura Basin and is supported by existing infrastructure, including three pipelines. Georgia maintains a positive fiscal regime and benefits from a stable, simple, transparent, and investor-friendly environment. Production Sharing Contracts (PSCs) and fiscal terms regarding oil are favorable for investors.
GOG’s exploration program is focused on three types of plays:
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Deep (5,000–5,500 m) Middle Eocene plays in the Kura Basin — e.g., Martkopi Terrace, South Samgori-Nakarala, Gardabani North, Norio Deep. These are part of the same petroleum system as Samgori-Patardzeuli, Georgia’s largest oil field, but located in deeper traps.
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Shallow and medium-depth (down to 4,000 m) Oligocene and Lower Miocene (Maikop) sandstone plays — e.g., Natsvaltskali Shallow, Gardabani Maikop, Natsvaltskali Sub-Detachment. These plays offer the potential for commercial production through shallow drilling and fracking, requiring comparatively lower investment.
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Upper Eocene subshale plays — targeting areas where horizontal drilling and fracking can significantly increase production from existing sub-commercial discoveries, starting around Samgori-Patardzeuli and extending southward into Azerbaijan.
Corporate HSE Policy
All GOG projects and operations are conducted in accordance with GOG’s developing robust Health, Safety and Environment (HSE) framework which is in accordance with both Georgian legislation and international oil and gas industry codes and standards.