Edgo Energy has secured licenses for the Qarordon and Surkhsimo blocks (formerly called Karadum and Kyziltumshug, respectively) in Tajikistan and also has signed a service agreement with Klarenco, a subsurface interpretation company, the company said in a news release.
Klarenco has completed an integrated data review of all historical geological, seismic, exploration and production well logs in the areas, which included the interpretation of the data collected during a 2-D seismic survey on the Surkhsimo license in 2011.
The two blocks are located close to the Tajikistan/Afghanistan border and are part of the proven Tajik hydrocarbon basin. The production-sharing agreement provides for a seven-year exploration period from Nov. 18, 2013 and a 30-year exploitation period with two five-year extensions allowed.
The Surkhsimo license has produced gas and is connected by pipeline to the capital Dushanbe. Wells have been drilled in both blocks testing a mixture of gas and oil from the post-salt horizons. The deeper presalt horizons have the potential for supergiant discoveries with multibillion barrels of oil equivalent, according to the U.S. Geological Survey.
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