Tethys Oil Finds Rig or Danish Exploration Well
Tethys Oil has entered into a drilling contract with the Polish company, Oil and Gas Exploration Company Cracow Ltd, (Cracow) for the drilling of the Karelbo-1 exploration well on license 1/02 onshore Denmark. Cracow, as drilling contractor, will drill the well on behalf of Tethys and partners DONG E&P and Odin Energi AS using an American built IRI-750 rig.
The rig is currently working in Lithuania. It will be released to Tethys in late August/early September.
License 1/02 was awarded by the Danish government during the summer of 2002. Tethys Oil is the operator of the license with 70 percent interest. Partners are DONG E&P (20%) and Odin Energi A/S (10%).
- Tethys Oil AB Agrees New Boundaries for Block 3 Onshore Oman (Nov 21)
- Tethys Increases Oil Production in Oman (Sep 19)
- Tethys Oil Maintains High Production Rate in 2016 (Aug 03)