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
Block Energy PLC (AIM:BLOE) | RNS | Block Energy PLC - Block Energy and Baker Hughes Announce Agreement
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