Country report
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40 Pages

Georgia upstream summary


Georgia upstream summary

Report summary

Georgia is a transit country for Caspian hydrocarbons - Currently oil from Kazakhstan, Turkmenistan and Azerbaijan crosses the country either via the rail system to Georgia's Black Sea ports, or via the Baku-Tbilisi-Ceyhan (BTC) oil pipeline to the Mediterranean Sea. Georgia is also transiting Azerbaijani gas through the South Caucasus Pipeline and oil through the Western Route Export Pipeline.All significant Georgian discoveries to date have been made in the South Caspian basin - Most ...

What's included?

This report includes 2 file(s)

  • Country Overview PDF - 1.10 MB 40 Pages, 20 Tables, 12 Figures
  • Country Overview XLS - 786.50 KB

Description

Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key upstream issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream summary is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Key facts
  • Location maps
  • Geology
    • Introduction
    • South Caspian (Kura-Kartli) basin
      • Stratigraphy
      • Tectonic elements
      • Upper Cretaceous-Paleocene play
      • Lower Eocene play
      • Middle Eocene volcaniclastics
      • Upper Eocene Clastics play
      • Maikop play
      • Miocene
      • Shirak Suite
      • Akchagylian play
    • Black Sea basin (Rioni Depression)
      • Stratigraphy
      • Tectonic elements
      • Petroleum plays
      • Upper Jurassic Limestones
      • Upper Cretaceous-Paleogene
      • Neogene
      • Lower Jurassic-Bajocian
      • Middle-Upper Jurassic
      • Lower Cretaceous-Cenomanian
      • Palaeogene
  • Exploration
    • Licensing
      • Exploration and production contract areas and blocks
      • 1992-2002 awards
      • 2002 licensing round
      • 2006 licensing round
      • 2008 licensing round
      • 2009 licensing awards
      • 2011 licensing round
      • 2012 licensing round
    • Recent activity
    • Drilling
      • Drilling activity
      • Pre-independence
      • Post-independence
      • Recent
      • Frontera
      • Anadarko - JKX and TPAO
      • Other companies
  • Reserves and resources
    • Oil and gas reserves classification
      • Western reserves classification system
      • Soviet/Georgian reserves classification system
      • Comparison of Western and Soviet/Georgian oil reserves estimates
      • Comparison of Western and Soviet/Georgian gas reserves estimates
    • Georgia recoverable reserves by basin
    • Reserves analysis
      • Liquids
      • Gas
  • Production
    • Liquids
      • 1980s
      • 1990s
      • Current production
      • Future production
    • Gas
  • Infrastructure
    • Introduction
    • Oil infrastructure
      • Baku-Tbilisi-Ceyhan (BTC)
      • Western Route Export Pipeline (WREP)
    • Gas infrastructure
    • Russia
      • North-South pipeline (Mozdok-Tbilisi)
    • Azerbaijan
      • South Caucasus Pipeline (SCP)
      • Kazi-Magomed-Kazakh
    • Domestic grid
      • Arrangements with Russia
      • Underground gas storage
    • Rail transportation and ports
    • Georgian ports
      • Batumi
      • Supsa
      • Poti
      • Kulevi
    • Refining
      • Batumi
  • Costs
    • Introduction
    • Capital costs
      • Capital expenditure by location
  • Policy and regulation
    • Key legislation
      • Oil and Gas Law, May 1999
      • Laws on Entrepreneurial Activity on Investment Activity, 1996 and 1994
      • Tax Code, January 2005
    • Regulatory body
    • State oil company
      • Saknavtobi
      • Georgian International Oil Company (GIOC)
      • Georgian International Gas Corporation (GIGC)
      • Georgian Oil and Gas Corporation (GOGC)
    • Licensing
  • Fiscal terms
    • Current fiscal terms
    • Overview
      • Upstream
      • Midstream
    • Production Sharing Contracts (PSCs)
      • State equity participation
      • Bonuses, rentals and fees
      • Area rentals
      • Training fees
    • Indirect taxes
      • VAT / sales taxes
      • Import duties
      • Social development levies
    • Royalty and other production taxes
      • Royalty
      • Export duty
      • Environmental / CO2 taxes
      • Domestic market obligation (DMO)
      • Contractor revenue entitlement
    • Product pricing
      • Liquids pricing
      • Natural gas pricing
    • Cost recovery
      • Cost recovery ceiling
      • Cost carry forward
    • Profit sharing
    • Corporate (or petroleum) income tax
      • Tax rate
      • Additional profits taxes

In this report there are 32 tables or charts, including:

  • Executive summary
    • Liquid production by key field
  • Key facts
    • Key facts: Table 1
  • Location maps
    • Country map
  • Geology
    • Georgia: sedimentary basins
    • Simplified tertiary stratigraphy of east Georgia
    • Summary of petroleum plays in the Georgian South Caspian basin
    • Summary of petroleum plays in the Georgian Black Sea basin
  • Exploration
    • Exploration: Table 1
    • Exploration and production contract areas and blocks
    • Exploration: Table 2
    • Exploration: Table 3
    • Exploration: Table 4
    • Exploration: Table 5
    • Exploration: Table 6
  • Reserves and resources
    • Reserves and resources: Table 1
    • Reserves and resources: Table 2
    • Remaining and produced commercial liquids and gas reserves at 01/01/2016
    • Reserves and resources: Table 3
  • Production
    • Liquids production (2005-2025)
    • Liquid production by key field
    • Production: Table 1
    • Production: Table 2
    • Production: Table 3
    • Production: Table 4
  • Infrastructure
    • Infrastructure: Table 1
    • Georgia: oil pipeline routes
    • Georgia: gas pipelines
    • Infrastructure: Table 2
  • Costs
    • Costs: Table 1
    • Costs: Table 2
  • Policy and regulation
  • Fiscal terms
    • Fiscal terms: Table 1
    • GEM models
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