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.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
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
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  SolstadFarstad Emerges After Company M... (Jun 22)
 -  Gas Leak at Gjoa (Jun 22)
 -  Total Energy Services Completes Savann... (Jun 21)
 -  Norwegian Production Declining (Jun 21)
 -  Monadelphous in 'Major' Contract Win (Jun 21)


Most Popular Articles

From the Career Center
Jobs that may interest you
Logistics Supervisor
Expertise: Logistics Management
Location: Sugar Land
 
Landman / STEM Lease Specialist
Expertise: Landman
Location: Denver, CO
 
Regulatory Policy Specialist Job
Expertise: HR - General|Regulatory Compliance
Location: Minneapolis, MN
 
search for more jobs

Brent Crude Oil : $44.82/BBL 2.60%
Light Crude Oil : $42.53/BBL 1.61%
Natural Gas : $2.89/MMBtu 0.68%
Updated in last 24 hours