Ninotsminda is a producing conventional oil field located onshore Georgia and is operated by Ninotsminda Oil. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Block XI E. Buy the profile here.
Field participation details
The field is owned by Blake Oil and Gas and KKCG.
Production from Ninotsminda
The Ninotsminda conventional oil field recovered 88.11% of its total recoverable reserves, with peak production in 2003. The peak production was approximately 1.90 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2039. The field currently accounts for approximately 15% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 0.73 Mmboe, comprised of 0.73 Mmbbl of crude oil & condensate.
For more details on the Ninotsminda Conventional Oil Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
