In the south-west the license area is adjacent with Somon Oil’s western license areas Novobod and Obchai-Kalacha. All producing fields of North Tajikistan are located less than 20 kilometers (km) south. Existing exploration data within the North-West license area contain six wells and 1100 km of 2-D seismic which was acquired during Soviet exploration campaigns between 1964 and 1992.
Somon Oil targets large four-way closure prospects in the North-West license area at a depth of 3.5-4.5 km. The under thrust four way closure prospects in the North part are in the same geological setting as the giant Minbulag field which is located across the border in Uzbekistan. The Minbulag field is the largest oil field within Fergana basin. The stratigraphy, lithology, reservoirs and seal of the North-West area are identical to other parts of Fergana basin. Oil shows in uranium exploration wells (1950’s) which penetrate reservoir beds in the upper thrust sheet proves oil generation and migration in the area.
The seven years work program contains 400 km of 2-D seismic, 100 km2 of 3-D seismic and two deep wells.
Financing for the exploration up to discovery is secured by the existing option farmout to Santos Ltd.
