Edgo signs PSA for blocks in Tajikistan

Edgo Energy

Edgo Energy has secured licenses for the Qarordon and Surkhsimo (formerly called Karadum and Kyziltumshuq, respectively) blocks in Tajikistan, and has also signed a service agreement with Klarenco, a Moscow-based subsurface interpretation company.

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 2D seismic survey on the Surkhsimo license area in 2011.

Edgo Energy’s two blocks are located close to the Tajikistan-Afghanistan border and are part of the 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).

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