Block Energy Announces West Rustavi Update

Source: 1/11/2021, Location: Asia

Block Energy plc, the development and production company focused on Georgia, is pleased to provide an update regarding gas sales at its West Rustavi field. The Company has completed all of the steps under its control, such as the construction and commissioning of the Early Production Facility and gas gathering line. Bago LLC has completed the construction and final pressure testing of its 8km gas sales pipeline. The remaining key steps leading up to inaugural gas sales are all under the control of Bago LLC and include finalising the construction of the compressor station, which is well underway, and hooking it up to the state's main gas line. Delivery of first gas is now forecast to occur by late January or early February.

Block plans to restart oil and gas production at its West Rustavi licence area and will be mobilising teams to the WR-16aZ and WR-38Z wells in the coming days to open those two wells.

Also, Block's Drilling and G&G departments are finalising preparations for the 2021 drilling and workover programme, details of which will be communicated to shareholders in the coming weeks.

Block Energy Chief Executive Officer, Paul Haywood, said: "I am pleased to provide an update on our gas sales in Georgia, where after safely installing and commissioning the Early Production Facility and constructing a gas gathering pipeline, we are on the cusp of our inaugural gas sales. The commencement of gas sales will be a significant event for Block and is testament to the capability of our team, who have continued to prioritise this project, despite some significant operational and travel challenges associated with COVID-19. As well as the commencement of gas sales, we are pleased to be recommencing production and sales of crude oil at West Rustavi with the Brent oil price now over $50 per barrel."

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