Tethys Oil Announces Production Update January 2023

Source: www.gulfoilandgas.com 2/14/2023, Location: Middle East

Tethys Oilís share of the production, before government take, from Blocks 3&4 onshore the Sultanate of Oman, in January 2023 amounted to 291,149 barrels of oil, corresponding to 9,392 barrels of oil per day.

The Official Selling Price (OSP) for Oman Export Blend Crude Oil for the month of January 2023 was USD 86.15 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 percent interest in Blocks 3&4. Partners are Mitsui E&P Middle East B.V. with 20 percent and the operator CC Energy Development S.A.L. (Oman branch) holding the remaining 50 percent.


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