Tethys Oil’s share of the manufacturing, prior to federal government take, from Blocks 3 & 4 onshore in the Sultanate of Oman, in January 2023 amounted to 291,149 barrels of oil, representing 9,392 barrels of oil per day.
The Official Market Price (OSP) for Oman Export Blend Petroleum for January 2023 was $86.15 per barrel. The OSP, as published by the Sultanate of Oman’s Ministry of Energy and also Minerals, is the benchmark price for Tethys Oil’s regular monthly oil sales leaving out trading as well as high quality changes.
Tethys Oil, through its wholly possessed subsidiary Tethys Oil Block 3 & 4, has a 30 percent interest in Blocks 3 & 4. Companions are Mitsui E&P Middle East with 20 per cent as well as the operator CC Power Growth (Oman branch) holding the continuing to be 50 percent.
Tethys Oil is an oil exploration and production business with a concentrate on onshore locations with known oil discoveries. The company’s core area is the Sultanate of Oman, where it holds interests in Blocks 3 & 4, Block 49, Block 56 as well as Block 58.
Tethys Oil has web functioning rate of interest 2P reserves of 23.9 mmbo as well as internet functioning passion 2C Set Resources of 14.6 mmbo and also had an ordinary oil production of 9,940 barrels daily during 2022.
Last Updated: 16 February 2023