Tethys: Production Testing Completed at Oman Well

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The production testing of the exploration well B4EW4 on Block 4 onshore the Sultanate of Oman has been completed. The well flowed at a combined rate of close to 3,000 barrels of oil per day (bopd) on a 36/64 inch choke from the Buah and Khufai sections. The well has been completed as a production well and will be put on a long term production test.

"We are delighted with the results of this exploration well, and are looking forward to gain more data on this new discovery from the long term production test. The ongoing 3D seismic survey on the block has been extended to also cover the B4EW4 structure," commented Tethys Managing Director Magnus Nordin.

The B4EW4 well was spudded in November 2012 and was drilled to a final total depth of 9,941 feet (3,030 meters). The well was drilled on a dense grid of high quality 2D seismic data approximately 20 km west of the Saiwan East oil field. Strong oil shows were recorded during drilling in the Lower Al Bashir, Buah, Khufai and Masirah Bay formations. The testing program was designed to evaluate the Khufai and Buah reservoirs.

Tethys Oil AB, through its wholly owned subsidiary Tethys Oil Block 3 and 4 Ltd, has a 30 percent interest in Blocks 3 and 4. Partners are Mitsui E&P Middle East B.V. with 20 percent and the operator CC Energy Development S.A.L. (Oman branch) holding the remaining 50 percent.

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