Swedish independent Tethys announced on 15 March that it will imminently begin extended well testing on Oman’s Block 56, with oil expected “by the end of next week.” The new volumes will be the first from one of the firm’s operated assets and will supplement non-operated output from Blocks 3&4 (CCED 50%op, Tethys 30%, Mitsui 20%). Output from Blocks 3&4 dropped to a seven year low of just 31,150 b/d in 2022, well down on the 38,000 b/d midpoint of prior guidance (MEES, 20 January).
Located in Oman’s southeast (see map, MEES, 17 March), Tethys (65%op) is partnered at Block 56 by Omani firms Biyaq (25%) and Intag (5%) and Indonesia’s Medco (5%). The extended well test is set to last 3-6 months with “the objective to establish recoverable resource volumes and optimal rates” in the Al Jumd discovery. Initial flows are expected to be 400 b/d and are set to increase to 800 b/d. (CONTINUED - 295 WORDS)
