Test production from Blocks 3 and 4 onshore the Sultanate of Oman continues and
amounted in November 2012 to 449,425 barrels of oil, corresponding to 14,981
barrels of oil per day (BOPD). Tethys’ share of the production, before
government take, amounts to 30 per cent of the total, or 134,828 barrels.
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. During the
month both the newly commissioned permanent facilities as well as parts of the
early production system have been utilized. The use of both systems is expected
to continue during the fine tuning of the permanent facilities. Production
rates continue to vary depending on test programme design and available
capacity.
Tethys Oil AB, through its wholly owned subsidiary Tethys Oil Block 3 and 4
ltd, 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; magnus@tethysoil.com
——————————————————————————–
———————————
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.
Website: www.tethysoil.com