Indian company commenced oil extraction in Eastern Georgia

Indian Jindal Petroleum Ltd has commenced the production of oil in Eastern Georgia near Tbilisi. Oil extraction has been started from the new well at the Sartichala area of the Samgorsk field.

Georgian Oil and Gas Corporation has informed that the boring of this well was started on January 26 and completed on March 8. The inclined well with the depth of 2450 meters has given clean oil with the debit of 24 cubic meters a day. According to preliminary estimates, oil reserves at this area amount to 2.4-8.7 million tons.

The Indian company bores a new well at another area near Tbilisi – Krtsanisi, with the depth of 2 thousand meters. It has already opened the project fallout. In addition to that, Jindal Petroleum bores a trial hole with the depth of 3.5 thousand meters at the licensed block in Okami. In general, this Indian company has been exploring oil in Georgia since 2009 at 5 licensed blocks.

We would like to remind that oil exploration in Western Georgia is carried out by Kazakhstan and Georgian Company “Aksai VMS”, which got a license for oil exploration and extraction at the area of 5.2 thousand square meters in 2006. The company has already invested approximately $5 million into exploration works.

Adapted from:Грузия Online

English translation by BSNews