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Canadian firm Gran Tierra to explore Azerbaijani oil fields with 65% stake, pending approval.
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.
The project involves gravimetric surveys, 3D seismic studies, and exploratory drilling to assess hydrocarbon potential.
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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La firma canadiense Gran Tierra explorará yacimientos petrolíferos de Azerbaiyán con una participación del 65%, a la espera de la aprobación.