Georgia: Block Energy and Baker Hughes announce agreement to support drilling operations in Georgia
14 Jun 2021
Highlights
Block Energy has signed a Memorandum of Understanding ("MoU") with Baker Hughes to support drilling operations in Georgia.
The MoU with Baker Hughes provides a broader partnership on developing significant oil and gas opportunities throughout Block's entire portfolio.
Baker Hughes has allocated additional engineers to assess and potentially develop geothermal, carbon capture, and hydrogen applications across the Samgori, Patardzeuli and West Rustavi fields.
Block Energy, a development and production company focused on the country of Georgia, has signed an MoU with
Baker Hughes, a global energy technology company. The MoU envisages multiple service awards for advanced oil and gas technology across a production-led, multi-well drilling programme. The initial project will drill a horizontal well targeting a recoverable volume estimated to be 2.1 MMboe at the WR-BA well target location in West Rustavi.