Tethys Suspends LE-1 Exploration Well in Oman's Block 4 for Further Study

Sweden's Tethys Oil AB reported Wednesday that the exploration well LE-1 in the eastern part of Block 4 onshore the Sultanate of Oman has been suspended to allow for further studies in the future. An oil sample has been recovered from the well, indicating the presence of medium light oil, which suggests that a petroleum system may be active also in the eastern region of Block 4.

With no previous well data in this area, LE-1 has given important new data of the area’s lithology which will necessitate a reinterpretation of the seismic data previously collected.

The well has been suspended to allow for further study in the future. Once the seismic reinterpretation is completed the work program for the area will be assessed also for other well locations.

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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