Tethys Oil’s share of the production, before government take, from Blocks 3&4 onshore the Sultanate of Oman, in July 2023 amounted to 264,645 barrels of oil, corresponding to 8,537 barrels of oil per day.
The Official Selling Price (OSP) for Oman Export Blend Crude Oil for the month of July 2023 was USD 74.94 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.
The July production numbers are included in the full year production guidance of 9,000 bopd (+/- 200) as provided in the interim report for the second quarter 2023 published 8 August 2023.
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.
