Partners at Oman’s Blocks 3&4 (CCED 50%op, Sweden’s Tethys 30%, Mitsui 20%) have managed record output through the first seven months of 2019. Output figures released this month show production up to 41,500 b/d versus 38,950 b/d during the same period last year. Partner Tethys says it expects to maintain similar production levels throughout the remainder of the year.
With Omani oil output stable so far this year at 970,000 b/d due to Opec+ commitments, the partners’ ability to quietly grow their share of national production is a success (MEES, 15 February). And junior partner Tethys does not wish to stop there. Despite failing to buy into Occidental’s 120,000 b/d Mukhaizna license last year (MEES, 25 January), the Swedish firm is pushing forward with plans to develop Block 49 (100%op) in Oman’s far south where the firm launched seismic last December (MEES, 14 December 2018). Its H1 results this week indicate the firm has contracted a drilling manager for upcoming drilling to target ‘several leads identified’ in the seismic reports. (CONTINUED - 165 WORDS)