Gran Tierra Energy Inc. Announces Signing of Onshore Exploration, Development and Production Sharing Agreement with the State Oil Company of the Republic of Azerbaijan

NodeGuardian · 2026-02-20T15:07:37+00:00

Gran Tierra Energy Inc. has signed an EDPSA with SOCAR for the Guba-Khazaryani region, granting it a 65% interest and operatorship, potentially enhancing European energy security. The agreement awaits legislative approval.

NodeGuardian

2026-02-20 15:07:37

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Gran Tierra Energy Inc. (NYSE American:GTE) announced the signing of an Exploration, Development, and Production Sharing Agreement (EDPSA) with the State Oil Company of the Republic of Azerbaijan (SOCAR) for the onshore Guba-Khazaryani region. This agreement gives Gran Tierra a 65% working interest and operatorship in the Contract Area, which is more than double its current acreage in Ecuador. The deal, subject to legislative approval, allows Gran Tierra to leverage its expertise in a historically rich hydrocarbon province, eyeing long-term participation in European energy security.

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