- About Tethys Oil
- Corporate governance
- Investor Relations
Tethys Oil’s core area is Oman. Oman is strategically located on the tip of the eastern Arabian Peninsula, neighbouring the United Arab Emirates in the northwest, Saudi Arabia in the west and Yemen in the southwest. Oman overlooks the Arabian Sea, the Sea of Oman and the Arabian Gulf.
Tethys Oil’s most significant asset in Oman is Blocks 3 & 4. The blocks are located in the eastern part of Oman and cover an area of 29,130 square kilometres. Tethys Oil acquired the company’s interest in the blocks in 2007. In 2010, an early production system was launched. In 2012, the Field Development Plan was approved and the exploration and production terms for the licence were extended until 2040.
The production from the blocks derives from three fields: Farha South, Saiwan East and Shahd oil fields. Tethys Oil, through its wholly owned subsidiary Tethys Oil Block 3 and 4 Ltd, has a 30 per cent interest in the blocks.