Tethys Oil Spuds Well Onshore Oman

Tethys Oil has spudded Jebel Aswad-2 (JAS-2) on Block 15 onshore Oman. The well is drilled to further delineate the Natih A limestone reservoir and it is designed to optimize production rates.

JAS-2 is drilled 1.2 kilometers south west of Jebel Aswad-1, which was drilled last year and flowed 2,626 BOEPD on test. Drilling operations are expected to take 65 days including testing, and the well is expected to reach a final depth of 3,200 meters. At target depth, one or two horizontal sidetracks of a total length of an additional 1,000 meters are planned.

The Abraj 204 rig currently contracted with Oilex plc is being used.

Tethys has a 40 % interest and is operator of Block 15. Danish company Odin Energy is a partner holding a 60 % interest.