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Explore By Region

flag Canadian firm Gran Tierra to explore Azerbaijani oil fields with 65% stake, pending approval.

flag Canadian energy firm Gran Tierra Energy has signed a production sharing agreement with Azerbaijan’s SOCAR to explore for oil in the Guba–Caspian region, with Gran Tierra as operator and holding a 65% stake. flag The project involves gravimetric surveys, 3D seismic studies, and exploratory drilling to assess hydrocarbon potential. flag The deal, signed in June 2025 and announced during Baku Energy Week, requires approval by Azerbaijan’s National Assembly before taking effect.

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