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Tajikistan's first PSC signed with Tethys

Oil & Gas Journal

Meanwhile, Tethys Tajikistan Ltd. and Sangam Ltd. are forming a joint company, Seven Stars Energy Corp., to be owned and funded 51% by TTL and 49% by Sangam. The process is nearly complete, and ownership of KPL will then be transferred to SSEC.

The US Geological Survey in 2006 estimated mean undiscovered recoverable volumes of 1.6 billion bbl of oil and 16 tcf of gas in the Amu Darya and Afghan-Tajik basins in northern Afghanistan (see maps, OGJ, Aug. 14, 2006, p. 34).