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Acquisitions and Divestitures News in Georgia

OMV Petrom Wins Block Offshore II in Georgia
6/29/2020 - OMV Petrom, the largest energy company in South-Eastern Europe, is pleased to confirm that it has been selected as the winner of the open international tender held by the Ministry of Economy and Susta...
Block Energy Acquires 2 Adjacent Blocks from Schlumberger
3/26/2020 - Block Energy Plc has entered into a sale and purchase agreement ("SPA") with Schlumberger B.V. to acquire its subsidiary Schlumberger Rustaveli Company Limited ("SRCL")("the Acquisition"). Of the thre...
Block Energy Moves to 100% Working Interest in West Rustavi Field
7/15/2019 - Block Energy Plc (Block) is pleased to announce it has increased its working interest (WI) in the West Rustavi licence (West Rustavi) from 71.5% to 100%, further to an agreement ('the Agreement') reac...
Block Energy’s Agreement to Acquire 100% Interest in West Rustavi Field
2/26/2019 - Block Energy Plc, the exploration and production company focused on the Republic of Georgia, is pleased to announce it has secured an agreement ('the Agreement') with Georgian Oil and Gas Limited ('GO...
Frontera in Discussions Regarding Possible Block 12 Farm out
9/3/2018 - AIM-listed Frontera Resources has provided the following update regarding its operations in Georgia. The Company has announced that it has entered into Non-Disclosure and Data Exchange Agreements with...
Block Energy Announces Update on West Rustavi Licence in Georgia
8/28/2018 - Block Energy Plc, the exploration and production company focused on the Republic of Georgia, is pleased to announce that the Production Sharing Contract ('PSC') terms for its West Rustavi licence ('We...
Goldcrest Resources Acquires Georgian Oil and Gas Assets
4/11/2017 - Goldcrest Resources plc, has agreed terms to acquire a 100% interest in the producing Norio onshore oil field Production Sharing Agreement (PSA) and an option to form a farm-in agreement to acquire a ...
Skyland Acquires 20% Interest in Potential Production Project in Georgia
4/29/2016 - Skyland Petroleum Limited (SKP) is pleased to announce the completion of its acquisition of a 20% interest in the Block XIG Production Sharing Contract ('PSC') in the Republic of Georgia. ...
Energy Ministry Terminates Block VIb PSC in Georgia
4/30/2015 - Australia's Red Emperor Resources NL referred to its announcement April 14 and provided the following update with respect to its Georgian Project. ...
Range Resources Terminates the Georgian Project Contract
4/29/2015 - The Ministry of Energy of Georgia has formally notified the Operator of the Georgian project, Strait Oil & Gas (SOG in which Range holds a 45% interest) that the Production Sharing Contract (PSC) over...
Frontera Signs Farms out Agreement for Taribani Field
4/10/2014 - Frontera Resources Corporation, an independent oil and gas exploration and production company, is pleased to announce that its wholly-owned subsidiary, Frontera Resources Georgia Corporation, has sign...
Tethys Completes Strategic Acquisition in Georgia and Exits Uzbekistan
1/2/2014 - Tethys Petroleum Limited, the oil and gas exploration and production company focused on Central Asia and the Caspian Region, is pleased to announce that it has received the appropriate Georgian govern...
Range Resources Farms Out Georgian Interests
1/10/2011 - Range Resources Limited along with its Georgian partner Strait Oil and Gas UK Limited is pleased to announce that it has entered into a Heads of Agreement (HOA) with Red Emperor Resources NL to acquir...
Westlake Chemical Acquires 50% of Cypress Pipeline
10/4/2010 - Westlake Chemical Corporation announced that, pursuant to a long term contract right held by Westlake, it has purchased a 50% equity interest in Cypress Interstate Pipeline, LLC from Kinder Morgan Ene...

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