Our projects
Transforming potential into value
The Company is pursuing multiple concurrent projects in Georgia, underpinned by reinvested cashflows, to commercialise the material gas development potential across its licences, unlock the exploration potential within Project IV, and advance one of Europe’s largest CCS projects.
Cashflow from Project I and Project II supports the transformative growth potential offered by Projects III and IV.
Additionally, Block holds a 76.5% indirect economic interest in the Ndjili and Mpari PSCs offshore Gabon, providing exposure to discovered oil and material exploration potential in one of Sub-Saharan Africa’s most established offshore hydrocarbon provinces.
Project highlights
Block is pursuing five concurrent Georgian projects and one Gabon project to:
Increase existing production
Identify new oil and gas deposits
Redevelop existing fields
Commercialise oil, gas and CCS potential
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 offshore Gabon licences offer exposure to discovered resources and significant exploration upside in 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 significant gas resource with multi-trillion cubic feet potential, supported by strategic partnerships and 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
Why Block Energy
Diversified portfolio
Country, production, redevelopment, gas, exploration and CCS opportunities
Proven operator
Experienced management team with an established in-country operating base
Funded growth
Farm-out success helping advance projects with reduced capital exposure
International expansion
Growing from a strong Georgian foundation into offshore Gabon