Discover Block Energy
Block Energy (AIM:BLOE) is a rising AIM-listed independent energy company with a well established operating base in Georgia, and a new low-risk high-impact offshore growth position in Gabon.
Established base
Well established operating base in Georgia
New frontier
Low-risk, high-impact offshore position in Gabon
Multiple pathways
Production, redevelopment, exploration, and carbon capture and storage
Our projects
Block’s diversified portfolio of production, redevelopment, carried growth and low-cost entry opportunities across Georgia and Gabon opens multiple paths to value creation.
Gabon
Our entry into offshore Gabon marks a significant step in our growth strategy, adding discovered resources, exploration upside, and exposure to a mature hydrocarbon province
Project I
Project I combines established production, development potential, and innovative drilling techniques to generate cash flow, support future growth, and maximise value across the wider portfolio
Project II
Project II is focused on realising the substantial potential of the Patardzeuli-Samgori field, leveraging a large contingent resource base, proven production history, and attractive development opportunities
Project III
Project III is focused on developing a world-class gas resource with multi-trillion cubic feet potential, supported by strategic partnerships and significant long-term value creation opportunities
Project IV
Project IV targets significant exploration upside across multiple licences, supported by a strategic farm-out partnership and a fully funded programme designed to unlock substantial resource potential
Carbon Capture and Storage
Our CCS initiative has the potential to establish a major CO₂ storage hub in Georgia, supporting industrial decarbonisation and contributing to long-term net-zero objectives
Commercialisation
With established operations in Georgia and a new platform in Gabon, we are pursuing defined routes to commercialisation through market access, infrastructure, and low-cost entry into proven hydrocarbon provinces
Our assets
Block Energy’s assets near Tbliisi connect to major European pipelines
Block at a glance
Block expanded beyond Georgia this year through a 76.5% indirect economic interest in the Ndjila and Mpari PSCs offshore Gabon, including an anchor discovery tested at 3,300 bopd.
4,256 km²
Production Sharing Contract area across central Georgia
2.77 TCF
2C Contingent Gas Resources
US$170m
Combined carried funding secured across projects
75 MMbbl
Discovered oil resource offshore Gabon (pMean)
Who we are
Led by a management team with unrivalled Caucasus experience and a fully staffed Georgian operating base, Block holds interests in seven Production Sharing Contracts across 4,256 km² in central Georgia.
Block is pursuing four concurrent projects in Georgia to increase production, redevelop existing fields, discover new oil and gas deposits, and commercialise the significant oil, gas and CCS potential across its licences.
A successful CO₂ pilot test, the first completed in the Eastern European region, highlights the possibility for a carbon storage capacity that would rank amongst the highest in Europe.
