Tethys inks exploration, production agreement for Omani block

摘要

Dubai—Oman has signed an exploration and production sharing agreement with Swedish producer Tethys Oil for its onshore block 58, the company said July 5. The block is located in the southern part of the sultanate adjacent to Tethys Oil’s operated exploration license block 49. Tethys Oil will be the operator of the block, through its wholly owned subsidiary Tethys Oil Qatbeet Ltd., and hold a 100% license interest.