Gulf Oil and Gas accountACCOUNT

Blocks 3&4 Production Increase Averaging to 6,989 Bopd

Source: www.gulfoilandgas.com 11/14/2011, Location: Middle East

Test production from the Early Production System (EPS) on Blocks 3 and 4 onshore the Sultanate of Oman continues and amounted in October to 216,646 barrels of oil, corresponding to 6,989 barrels of oil per day (BOPD). Tethys’ share of the production, before government take, amounts to 30 per cent of the total, or 64,994 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. Production rates continue to vary depending on test programme design and available capacity. 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.

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