Tajikistan: Tethys hikes interest in Bokhtar PSC

Tethys Petroleum Ltd. has acquired 34% of the shares of Seven Stars Energy Corp. from its Tajik joint venture partner Sangam Ltd., increasing Tethys’ interest in the Bokhtar production sharing contract area to 85% from 51%.

Bokhtar covers 8.7 million unexplored acres in the Afghan-Tajik basin. The block is assigned an audited, unrisked prospective resource of 7 tcf. Tethys is shooting data with the ultimate goal of drilling the first deep presalt exploratory well at an early date.

Tethys reckons “the Afghan-Tajik basin and its extension the Amu‐Darya basin to be one of the most prolific in the world with giant and supergiant gas and condensate fields such as those in neighboring Uzbekistan and in Turkmenistan.”