Oman Asset Production Increases on Blocks 3&4

Test production from the Early Production System (EPS) on Blocks 3 and 4 onshore the Sultanate of Oman continues and amounted in March 2012 to 361,394 barrels of oil, corresponding to 11,658 barrels of oil per day (BOPD). Tethys’ share of the production, before government take, amounts to 30 per cent of the total, or 108,418 barrels.

Long term production tests have been carried out on wells from both the Saiwan East oil field on Block 4 and the Farha South oil field on Block 3. Production rates continue to vary depending on test programme design and available capacity.

Tethys has a 30 per cent 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.