Armenian Gas and Power (Canadian) secured explo rights to block 5 on 1 Dec â17, one of 3 licences awarded during the month. The contract area covers 2,774 sq km in S-C Armenia and runs 5 years. 
Armenian Government issued three exploration licenses to two companies. Armenian O&G received exploration licenses for Block 1 and Block 3 and AGAPE (Armenian Gas and Power Enterprises) received an exploration license for Block 5.