Tethys Oil Provides Oman Production Update

Source: www.gulfoilandgas.com 5/17/2021, Location: Middle East

Tethys Oilís share of the production, before government take, from Blocks 3&4 onshore the Sultanate of Oman amounted in April 2021 to 307,009 barrels of oil, corresponding to 10,234 barrels of oil per day. The production in April has been adversely affected by operational issues that have been mitigated.

Oil production in Oman is currently subject to production limitations under the OPEC+ agreement. As a consequence, production from Blocks 3&4 is subject to limitations but is likely to fluctuate on a monthly basis.

The Official Selling Price (OSP) for Oman Export Blend Crude Oil for the month of April 2021 amounts to USD 60.85 per barrel. The OSP, as published by Sultanate of Omanís Ministry of Energy and Minerals, 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.


Norway >>  6/17/2021 - New wells at Valemon will extend profitable operations at Heimdal, which is processing gas from Valemon. The Heimdal partners have now decided to exte...
Gabon >>  6/16/2021 - Tullow Oil plc (Tullow) issues the following statement from its CEO, Rahul Dhir, ahead of its Annual General Meeting (AGM). Due to Covid-19 restrictio...

United Kingdom >>  6/16/2021 - Hurricane Energy plc, the UK based oil and gas company, provides an update on Lancaster field operations.

Further to the announcements on 1...

Norway >>  6/15/2021 - Lundin Energy AB is pleased to note that the operator of Johan Sverdrup, Equinor ASA, now anticipates full field gross production capacity of 755 thou...

Tanzania >>  6/15/2021 - Wentworth, the independent, Tanzania -focused natural gas production company, is pleased to announce an operational update ahead of its Annual General...
Norway >>  6/14/2021 - Lundin Energy AB (Lundin Energy) is pleased to announce that following better than expected production performance across all key fields, the producti...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.