Saiwan East Well Completes Production Testing in Khufai Reservoir

The Saiwan East-3 well in Block 4 onshore the Sultanate of Oman has completed production testing of the horizontal section drilled in the Khufai reservoir. The maximum rate achieved during the test was 10,714 barrels per day of 32.4 API gravity oil through a 38 mm. choke size. The well could have a potential of higher flow rates with availability of bigger capacities of test surface equipment.

"We are delighted with this test result that exceeds our expectations and fully establishes the productivity of the Khufai reservoir," commented Magnus Nordin, Managing Director of Tethys Oil AB.

Tethys will have an interest in Blocks 3 and 4 of 30 percent following a farmout agreement where 20 percentage points will be granted to Mitsui E&P Middle East B.V. The farmout is subject to final government approval. The operator CC Energy Development S.A.L. (Oman branch) is holding the remaining 50 percent.