Tethys Oil AB: Tethys Oil to be awarded new exploration license onshore Oman
Tethys Oil is pleased to announce that it will be awarded a new exploration license by the Ministry of Oil and Gas of the Sultanate of Oman. Block 49 is an onshore block that covers a prospective but still rather unexplored area in the South West of the Sultanate bordering the Kingdom of Saudi Arabia. Tethys Oil will through its wholly owned subsidiary Tethys Oil Montasar Ltd be the operator of the Block and hold a 100% of the license interest. The Block will be signed on 14 November 2017. The Block 49 licence covers an area of 15,439 square kilometres. More than 11,000 kilometres of 2D