Tethys Oil’s share of the production, before government take, from Blocks 3&4 onshore the Sultanate of Oman, in May 2022 amounted to 308,597 barrels of oil, corresponding to 9,955 barrels of oil per day.
The Official Selling Price (OSP) for Oman Export Blend Crude Oil for the month of May 2022 was USD 110.96 per barrel. The OSP, as published by Sultanate of Oman’s Ministry of Energy and Minerals, is the benchmark price for Tethys Oil’s monthly oil sales excluding trading and quality adjustments.
Tethys Oil AB, through its wholly owned subsidiary Tethys Oil Block 3 & 4 Ltd, has a 30 percent interest in Blocks 3&4. Partners are Mitsui E&P Middle East B.V. with 20 percent and the operator CC Energy Development S.A.L. (Oman branch) holding the remaining 50 percent.