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Tethys Oil Provides Production Update April 2020

Source: www.gulfoilandgas.com 5/7/2020, Location: Middle East

Tethys Oilís share of the production, before government take, from Blocks 3&4 onshore the Sultanate of Oman amounted in April 2020 to 378,132 barrels of oil, corresponding to 12,604 barrels of oil per day.

The Official Selling Price (OSP) for Oman Export Blend Crude Oil for the month of April 2020 amounts to USD 54.61 per barrel. The OSP, as published by Sultanate of Omanís Ministry of Oil & Gas, is the benchmark price for Tethys Oilís monthly oil sales excluding trading and quality adjustments.

Tethys Oil AB, through its wholly owned subsidiary Tethys Oil Block 3 & 4 Ltd, has a 30 per cent interest in Blocks 3&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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