Tethys Oil AB Agrees New Boundaries for Block 3 Onshore Oman



Tethys Oil AB, together with joint venture partners Mitsui E&P Middle East B.V. and CC Energy Development S.A.L., have agreed new boundaries for the Block 3 license area onshore Oman with the Ministry of Oil and Gas (MOG).

The new boundaries exclude a 2,115 square mile area in the north eastern part of Block 3, which has been returned to the MOG. After the agreed adjustment, the Block 3 and 4 license areas cover 11,247 square miles.

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



WHAT DO YOU THINK?


Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

RELATED COMPANIES