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Muscat: Tethys Oil’s share of the manufacturing, earlier than authorities take, from Blocks 3&4 onshore the Sultanate of Oman, in June 2024 amounted to 235,925 barrels of oil, similar to 7,864 barrels of oil per day.
The Official Promoting Worth (OSP) for Oman Export Mix Crude Oil for the month of June 2024 was $89.30 per barrel. The OSP, as revealed by the Sultanate of Oman’s Ministry of Vitality and Minerals, is the benchmark worth for Tethys Oil’s month-to-month oil gross sales excluding buying and selling and high quality changes.
Tethys Oil, by means of its wholly owned subsidiary Tethys Oil Block 3 & 4 Ltd, has a 30 % curiosity in Blocks 3&4. Companions are Mitsui E&P Center East with 20 % and the operator CC Vitality Growth (Oman department) holding the remaining 50 %. Tethys Oil is an oil exploration and manufacturing firm with concentrate on onshore areas with identified oil discoveries. The corporate’s core space is the Sultanate of Oman, the place it holds pursuits in Blocks 3&4, Block 49, Block 56 and Block 58.
Tethys Oil has internet working curiosity 2P reserves of 21.7 million barrels of oil (mmbo) and networking curiosity 2C Contingent Assets of 15.5 mmbo and had a mean oil manufacturing of 8,818 barrels per day throughout 2023. The corporate’s shares are listed on Nasdaq Stockholm (TETY).
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