Block Energy has a SPA with Schlumberger to acquire its Schlumberger Rustaveli Co. Ltd subsidiary in a share-option deal. SRCL holds 3 PSCs in the Kura Basin, 2 of which to be taken on (producing block XIB, 615 sq km + block IX, 1,925 sq km). Schlumberger will apply to relinquish block X, 4,961 sq km.
Block Energy has a SPA with Schlumberger to acquire its Schlumberger Rustaveli subsidiary in a share-option deal. SRCL holds 3 PSCs, 2 of which to be taken on (producing block XIB, 615 sq km + block IX, 1,925 sq km). Schlumberger will apply to relinquish block X, 4,961 sq km.