Tethys Oil announces Oman asset production averaged 13,814 bopd

11/12/2012

Tethys Oil announces Oman asset production averaged 13,814 bopd

Test production from the Early Production System on Blocks 3 and 4 onshore the Sultanate of Oman continues and amounted in October 2012 to 4,28,225 bop, corresponding to 13,814 bopd. Tethys’ share of the production, before government take, amounts to 30% of the total.

The October production has been impacted by the installation and fine tuning of facilities relating to the Farha South Field. All major components on the two fields are now up and running but fine tuning to determine optimal production capacity will continue.

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% interest in blocks 3 and 4. Partners are Mitsui E&P Middle East with 20% and the operator CC Energy Development S.A.L holding the remaining 50%.

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