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FINANCIAL NEWS
Tethys’ new well flows 1,000 bpd
29 Aug 2013
(MENAFN) Tethys Oil announced that its well on Block 4 in Oman began flowing oil, Times of Oman reported.
The B4EW4-4 well in the Lower Buah section on Block 4 onshore Oman flows an average of 1,000 barrels per day (bpd).
Tethys Oil has a 30 percent stake in Block 3 and Block 4. Mitsui E&P Middle East B.V. has a 20 percent stake. The remaining 50 percent is held by CC Energy Development.
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