|
|
 GEORGIA
Former Soviet Union
On the eastern end of the Black Sea Georgia produces
modest volumes of oil from onshore fields near the coast. The state
firm, Saknaftoby, is trying to increase production by encouraging
investment.
However the joint ventures already operating in the
country have failed to have any significant effect on production rates.
BP and JKX acquired interests in the Black Sea in the
mid 1990s and BP has had reported discoveries on the other side of the
border with Turkey. Deep water production may be achieved but this
regarded as too high risk to be included in the forecast. However it is
worth noting that the area may have some potential.
|
CAPITAL
Tbilisi
Population
4.7 million
Onshore area
(000's sq kms)
69.7
Offshore area
(000's sq kms)
NEW
OIL PEAK YEAR
1982
|
Back to EUROPE & THE FSU