Production update May 2019
Tethys Oil’s share of the production, before government take, from Blocks 3&4 onshore the Sultanate of Oman amounted in May 2019 to 394,650 barrels of oil, corresponding to 12,731 barrels of oil per day.The Official Selling Price (OSP) for Oman Export Blend Crude Oil for the month of May 2019 amounts to USD 66.98 per barrel (1). The OSP, as published by Sultanate of Oman’s Ministry of Oil & Gas, is the benchmark price for Tethys Oil’s monthly oil sales excluding trading and quality adjustments. Tethys Oil AB, through its wholly owned subsidiary Tethys Oil Block 3 & 4 Ltd, has a 30 per