Tethys Oil announces exploration well onshore Oman Block 4


Tethys Oil announces exploration well onshore Oman Block 4

LONDON -- Tethys is participating in an exploration well, B4EW4 on Block 4 onshore Oman. The well is located approximately 20 km west of the Saiwan East oil field. The well will target five potential reservoir formations, four of which are proven hydrocarbon bearing reservoirs in other locations in Oman.

The well is planned to be drilled to a total measured depth of 3,300 m and targets the Lower Al Bashir, Miqrat, Amin, Buah and Masirah Bay formations. The Lower al Bashir sandstone formation is in production on Block 3. The Miqrat and Amin sandstone formations and the Buah carbonate formation have all been proven to be hydrocarbon bearing in other wells on the license, and all three formations are in production on other locations in Oman.The Masirah Bay sandstone formation has never been proven.

Tethys Oil has a 30% interest in Blocks 3 and 4. Partners are Mitsui with 20% and the operator CC Energy Development has the remaining 50%.

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