Tethys Oil is inching closer to oil sales from Oman Block 56, Managing Director Magnus Nordin says. With all of the firm’s current output coming from Blocks 3&4, where Tethys holds a 30% stake alongside Athens-based operator CCED (50%) and Japan’s Mitsui (20%), this would mark the Swedish firm’s first operated production.
Located in Oman’s southeast, Tethys operates Block 56 (65%) alongside Omani firms Biyaq (25%) and Intag (5%) and Indonesia’s Medco (5%). (CONTINUED - 852 WORDS)
