Tethys Petroleum Limited completes the farm-out agreement announced in December 2012 with subsidiaries of Total Exploration and Production (Total) and China National Petroleum Corporation (CNPC) whereby each acquired a one third interest in its Bokhtar Production Sharing Contract (the "Bokhtar PSC") in Tajikistan.

The Bokhtar PSC covers an area of some 35,000 km2 and contains some 27.5 billion barrels oil equivalent of gross unrisked mean recoverable prospective resources (according to independent figures).

As part of the acquisition, the Tajik Government has also now added a further 1186.37 km2 of highly prospective acreage which was not previously included in the Bokhtar PSC, and has also extended the first relinquishment period under the PSC by five years until 2020.

Tags: Tethys Petroleum Limited