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Tethys Provides Production Update in November 2013

Source: www.gulfoilandgas.com 12/9/2013, Location: Middle East

Tethys’ share of the production, before government take, from Blocks 3 and 4 onshore the Sultanate of Oman amounted in November 2013 to 152,838 barrels of oil, corresponding to 5,095 barrels of oil per day (bopd). The total production from Blocks 3 and 4 amounted in November to 509,459 barrels of oil, corresponding to 16,982 bopd.

The production includes production from Block 3 (Farha South), Block 4 (Saiwan East) and test production from the exploration area 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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