New oil discovery onshore Oman – Exploration well B4EW6 flows in excess of 2,200 BOPD


The exploration well B4EW6 drilled on a previously undrilled structure onshore
Oman has tested flows in excess of 2,200 BOPD on a 32/64 inch choke from the
Lower Buah formation. B4EW6 was drilled approximately 13 km south of the B4EW4
discovery. The new B4EW6 well constitutes the best flows encountered from the
Lower Buah outside the B4EW4 area so far. The well is hooked up to the
production system to undergo a long term production test.


“We are very happy that the Lower Buah has delivered again. B4EW6 looks similar
to B4EW4. As data comes in, we will learn more, but we are hopeful it could
prove as prolific as B4EW4,” comments Tethys Oil’s managing director Magnus
Nordin.

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 5766555; magnus@tethysoil.com

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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 and Lithuania. The shares are
listed on NASDAQ OMX Stockholm (TETY).

Website: www.tethysoil.com

About Tethys Oil

Tethys Oil is a 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 25 mmbo and 2C Contingent Resources of 13 mmbo and had an average oil production of 11,767 barrels per day from Blocks 3&4 during 2018. Tethys Oil also has onshore exploration licences in Lithuania and France and some production in Lithuania. The shares are listed on Nasdaq Stockholm (TETY).