Frontera Resources upgrades gas potential in Georgia operations

Frontera Resources Corporation, an independent oil and gas exploration and production company, has provided an announcement of a significant upgrade to gas resources associated with its ongoing exploration and production efforts in the country of Georgia.

Frontera recently announced that it had continued to advance its natural gas focus within its eastern Georgia holdings by combining the technical focus of its Mtsare Kheve Gas Complex and Taribani Field Complex into one integrated 2000 km² geologic unit: the South Kakheti Gas Complex. In addition to gas resources previously identified for subsets of this combined area, the company’s ongoing work recently concluded new estimation of as much as 135 trillion ft³ of gas in place from reservoir targets found between 300 m and 5000 m in depth. An independent assessment of Frontera’s new internal estimates is now underway.

In April 2015, Frontera announced results of a report it commissioned by the US-based independent consulting firm of Netherland, Sewell & Associates that confirmed combined prospective natural gas resources of as much as 12.9 trillion ft³ of gas-in-place, with as much as 9.4 trillion ft³ of recoverable prospective natural gas resources at the Mtsare Khevi Gas Complex and Taribani Field Complex.

Following on from this assessment, extensive geologic and geophysical studies continued within and between the Mtsare Khevi Gas Complex and the Taribani Field Complex areas as the company has believed that these areas are part of a common geologic complex. As a result, ongoing exploration studies have confirmed an extensive integrated gas resource potential that is much larger than previously identified.

Frontera is advancing evaluation of commercialisation options to expand and accelerate efforts to bring this resource to not only Georgia’s domestic market, but also to nearby regional markets in Turkey and Europe.

Steve C. Nicandros, Chairman and CEO, commented: “Our ongoing investments in Georgia have continued to reveal the emergence of what we believe to be a world class gas play with the identification of the South Kakheti Gas Complex. Much like the recent evolution of similarly prolific gas plays in the United States that have transformed the US’s energy independence trajectory, our results continue to indicate that Georgia has the natural gas resources to follow a similar path. We believe that our ongoing work will further serve to establish Georgia’s domestic energy independence in the years to come and also make it a strategic supplier of gas to Turkish and European consumption markets.”

Edited from press release by Angharad Lock

Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/09102015/frontera-resources-upgrades-gas-potential-in-georgia-operations-1573/