Carbon overview
A strategic decarbonisation opportunity
Block’s XIB field hosts a major Carbon Capture and Storage (CCS) opportunity with the potential to support a net-zero CO₂ hub in Georgia’s industrial heartlands.
A successful CO₂ mineralisation injection test, the first completed in the Eastern European region, highlights the possibility for a CO₂ storage capacity that, with an independent mid-case estimate of 151.5m tonnes, would rank amongst the highest in Europe.
The pilot indicated the site’s viability for the highly efficient mineral trapping method in commercial use in Iceland, where 100,000 tonnes of CO₂ have so far been permanently injected into basaltic rock.
Highlights
Block is advancing the potential for a European-scale Carbon Capture and Storage (CCS) project in Georgia’s industrial heartlands. An independent assessment estimates a mid-case CO₂ storage capacity of 151.5 million tonnes, highlighting the significant scale of the opportunity.
The project’s technical viability has been supported by a successful CO₂ pilot test conducted with an established CCS partner. This provides a strong foundation for further evaluation and development of a large-scale carbon storage solution in the region.
151.5 Mt
Mid-Case CO₂ Storage Capacity
European-Scale
CCS Project Potential
Industrial Heartlands
Strategic Project Location
Pilot Proven
Successful CO₂ Injection Test
| Our assets |
|---|
| Low (Mt CO2) | Mid (Mt CO2) | High (Mt CO2) | |
|---|---|---|---|
| Patardzeuli CO2 Mineralisation Capacity | 42.0 | 112.0 | 182.0 |
| Samgori CO2 Mineralisation Capacity | 15.0 | 39.5 | 64.0 |
| Pat-Sam CO2 Mineralisation Capacity | 57.0 | 151.5 | 246.0 |
Other projects
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
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