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Reserves

Oman, Reservs Dec 31, 2016

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).

Oman
(mbo)
1P2P3P
Total14,22221,40829,729
Farha South Field, Oman8,67211,56914,028
Shahd Field, Oman4,7287,84713,000
Saiwan East Field, Oman8221,9922,701

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).

 

Related information

Calculation of reserves

About Tethys Oil

Tethys Oil is a mid sized Swedish oil company with focus on onshore areas with known oil discoveries. Tethys Oil's core area is Oman, where the company holds 2P reserves of 21.4 mmbo and has an oil production of about 12,000 barrels per day from Blocks 3&4. Tethys Oil also has onshore exploration licences in Lithuania and France and some production in Lithuania. The head office is located in Stockholm and the company's shares are listed on Nasdaq Stockholm (TETY).