Tethys Oil’s production in Oman reaches 328209 barrels in February

Tethys Oil’s production in Oman reaches 328209 barrels in February

Muscat: Tethys Oil's share of the production, before government take, from Blocks 3&4 onshore the Sultanate of Oman amounted in February 2021 to 328, 209 barrels of oil, corresponding to 11, 722 barrels of oil per day. The Official Selling Price (OSP) for Oman Export Blend Crude Oil for the month of February 2021 amounts to US$50. 00 per barrel. The OSP, as published by Sultanate of Oman's Ministry of Energy and Minerals, is the benchmark price for Tethys Oil's monthly oil sales excluding trading and quality adjustments. The company's core area is the Sultanate of Oman, where it holds interests in Blocks 3&4, Block 49, Block 56 and Block 58. Tethys Oil has networking interest 2P reserves of 26. 9 mmbo and net working interest 2C Contingent Resources of 13. 9 mmbo and had an average oil production of 11, 336 barrels per day from Blocks 3&4 during 2020. The company's shares are listed on Nasdaq Stockholm (TETY).