Tethys Oil updates operations in Oman

A comprehensive programme of flow tests and collection of gas and oil samples has been conducted in the Jebel Aswad well on Block 15 onshore Oman. A higher condensate gas ratio (up to 25% higher) was measured during this test. The data confirm the production results obtained in June earlier this year. Pressure gauges have also been installed at the bottom for a 45 day extended pressure test.

The preparations of the preliminary field development plan continue, and two new contractors have been signed.

A total of 13 surface samples, 4 down hole samples and over 240 litres of condensate have been collected for further analysis. Fluid samples have been sent for detailed laboratory analysis and the results are expected within 10 weeks. Pressure gauges have also been installed at the bottom for a 45 day extended pressure test.

The preparations of the preliminary field development plan continue. Engineering Firm WS Atkins have been contracted to design the field facilities. Al Safa Environmental Company have also been contracted to commence the environmental impact assessment for the field development.

On testing of the Jebel Aswad re-entry well in June 2007 the well flowed 11.03 mmscfpd of natural gas and 793 bpd of 57API condensate (total of 2,626 boepd). Tethys Oil is the Operator of Block 15 with a 40 per cent interest with Danish company Odin Energi holding the rest.