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Tethys Oil’s net working interest reserves in Oman as per 31 December 2016 amounted to 14,222 thousand barrels of oil (“mbo”) of proven reserves (1P), 21,408 mbo of proven and probable reserves (2P) and 29,729 mbo of proven, probable and possible reserves (3P).
|Farha South Field, Oman||8,672||11,569||14,028|
|Shahd Field, Oman||4,728||7,847||13,000|
|Saiwan East Field, Oman||822||1,992||2,701|
The review of the reserves in Oman has been conducted by independent petroleum consultant DeGolyer and MacNaughton Canada Limited (“DMCL”). The report has been estimated using 2007 Petroleum Resources Management System (PRMS), Guidelines of the Society of Petroleum Engineers (SPE), World Petroleum Council (WPC), American Association of Petroleum Geologists (AAPG) and Society of Petroleum Evaluation Engineers (SPEE).