SOCAR and Gran Tierra Energy sign deal for oil exploration and production in Azerbaijan

Gran Tierra Energy

19/02/2026 08:54

BAKU, Feb 19 (Reuters) - Azerbaijan's state oil company SOCAR and Canada-based Gran Tierra Energy Inc. have signed an exploration, development and production-sharing agreement for a prospective onshore area in  Azerbaijan’s Guba–Khazaryany region, SOCAR said.

It said Gran Tierra Energy will hold a 65% working interest and act as operator of the project. The agreement will enter into force following its ratification by Azerbaijan’s parliament.

 (Reporting by Nailia Bagirova
Editing by Mark Trevelyan)

 ((nailia.bagirova@thomsonreuters.com; +994503129362;))