Gran Tierra Energy has announced that the Milli Majlis, the Parliament of the Republic of Azerbaijan, has ratified the exploration, development and production sharing agreement (the 'EDPSA') for the onshore Guba-Khazaryani region that the Company signed with the State Oil Company of the Republic of Azerbaijan on February 18, 2026.
'We would like to thank our partner, the State Oil Company of the Republic of Azerbaijan, the Government of the Republic of Azerbaijan and all of its agencies involved in the ratification process, and the Milli Majlis for their hard work and commitment in passing this bill during the first plenary session of the autumn term,' said Gary Guidry, President and Chief Executive Officer of Gran Tierra.
Airborne dFTG Program Update
Gran Tierra has completed the flying of its airborne digital full tensor gradiometry ('dFTG') survey in Azerbaijan. Gran Tierra flew 102 lines for 5,775-line kilometers, covering a total area of 4,815 square kilometers. The dFTG information will be used to help define the geometry of sedimentary basins and fault-related structures that potentially trap oil and gas in the Contract Area. This information will be integrated with existing seismic and exploratory well data to optimize the selection of future seismic acquisition areas and exploration and appraisal drilling locations.
Source: Gran Tierra Energy
