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Tethys Provides Production Update in July 2013

Source: www.gulfoilandgas.com 8/6/2013, Location: Middle East

Tethysí share of the production, before government take, from Blocks 3 and 4 onshore the Sultanate of Oman amounted in July 2013 to 139,998 barrels of oil, corresponding to 4,516 barrels of oil per day (bopd). The total production from Blocks 3 and 4 amounted in July to 466,661 barrels of oil, corresponding to 15,054 bopd.

The production in July includes production from the Farha South field on Block 3, the Saiwan East field on Block 4 and test production from the exploration well B4EW4 on Block 4.

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.

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