Georgia Oil and Gas Limited (GOG) is an ambitious Georgian company with the aim to become the premier independent oil and gas exploration and development company in Georgia by acquiring and developing exploration licences and using and applying new exploration techniques and acquiring additional seismic data.
GOG has working interests 11 Production Sharing Contracts (‘PSCs’) in Georgia (namely XIA, XIG, XIM, XIN, VIII, XIK, XIL, IXA, XIII, XIV, North Satskhenisi, Martkopi, Satskenisi) with the exploration license blocks valid until 2037-2039 (+ 5 years). GOG’s main interests are adjacent to the strategic position of Samgori-Patardzeuli Field, and within the region’s prolific Kura basin, which at its peak produced approximately 70,000 bopd and in the course of its history has produced over 200 MMbbl.
Georgia is a stable, business friendly nation with proven but underdeveloped oil and gas reserves and is of increasing interest to major producers.
Company Structure
Georgia Oil & Gas Limited (‘GOG’) was founded in 2010 in British Virgin Islands (BVI) and their first licenses were acquired in April 2011 from its shareholder company NOC (Norio Oil Company). GOG is 100% owner of Georgia Oil and Gas Limited (Georgia Branch) which acts as the representative office and Norio Operating Company Limited which acts as an operator for GOG’s field operations.
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