Tethys Oil Announces Production Update April 2023

Source: www.gulfoilandgas.com 5/15/2023, Location: Middle East

Tethys Oil’s share of the production, before government take, from Blocks 3&4 onshore the Sultanate of Oman, in April 2023 amounted to 276,740 barrels of oil, corresponding to 9,225 barrels of oil per day.

The Official Selling Price (OSP) for Oman Export Blend Crude Oil for the month of April 2023 was USD 82.23 per barrel. The OSP, as published by Sultanate of Oman’s Ministry of Energy and Minerals, is the benchmark price for Tethys Oil’s 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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