New boundaries for Block 3 License Area Onshore Oman

Source: www.gulfoilandgas.com 11/21/2016, Location: Middle East

Tethys Oil AB together with joint venture partners Mitsui E&P Middle East B.V. and CC Energy Development S.A.L. (Oman branch) have, in accordance with the terms of the Exploration and Production Sharing Agreement (EPSA) governing the Blocks 3 and 4 licence area onshore the Sultanate of Oman, agreed new boundaries for the Block 3 licence area with the Ministry of Oil and Gas (MOG).

The new boundaries exclude a 5,480 square kilometres area in the north eastern part of Block 3, which has been returned to the MOG. After the agreed adjustment the Blocks 3 and 4 licence area covers 29,130 square kilometres.

Tethys Oil AB, through its wholly owned subsidiary Tethys Oil Block 3 & 4 Ltd, has a 30 percent 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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