Edgo Energy Inks Production Sharing Agreement With Tajikistan for Two Licenses

Edgo Energy last week signed a production sharing agreement (PSA) with the Ministry of Energy and Industry of the Republic of Tajikistan for licence areas Surkhsimo and Qarordon in Tajikistan.

The company believes there is considerable potential for oil and gas discoveries in the license areas.

The two license areas are located close to the Tajikistan – Afghanistan border and are part of the Tajik proven hydrocarbon basin.

The production sharing agreement provides for a seven-year exploration period from November 18, 2013, and a thirty-year exploitation period (with two five year extensions allowed), the company said.

The Qarordon license area has produced gas and is connected by pipeline to the capital Dushanbe..

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