Test production from the Early Production System (EPS) on Blocks 3 and 4
onshore the Sultanate of Oman continues and amounted in September 2012 to
386,651 barrels of oil, corresponding to 12,888 barrels of oil per day (BOPD).
Tethys’ share of the production, before government take, amounts to 30 per cent
of the total, or 115,995 barrels.
The September production has been impacted by the installation work relating to
the permanent production facilities on both Saiwan and Farha. By end of
September, the Saiwan facilities were completed and commissioned. Work
continued on Farha, where installation and fine tuning of facilities will
continue during October.
Long term production tests have been carried out on wells from both the Saiwan
East oil field on Block 4 and the Farha South oil field on Block 3. Production
rates continue to vary depending on test programme design and available
Tethys has a 30 per cent interest in Blocks 3 and 4. Partners are Mitsui E&P
Middle East B.V. with 20 per cent and the operator CC Energy Development S.A.L.
(Oman branch) holding the remaining 50 per cent.
For further information, please contact
Magnus Nordin, Managing Director, phone +46 70 576 6555;
Tethys Oil AB (publ)
Tethys Oil is a Swedish energy company focused on exploration and production of
oil and natural gas. Tethys Oil’s core area is Oman, where the company is one
of the largest onshore oil and gas concession holders. Tethys Oil also has
exploration and production assets onshore France, Lithuania and Sweden.
The shares are listed on First North (TETY) in Stockholm. Remium AB is
Certified Adviser.