Production update May 2020
Tethys Oil’s share of the production, before government take, from Blocks 3&4 onshore the Sultanate of Oman amounted in May 2020 to 277,309 barrels of oil, corresponding to 8,945 barrels of oil per day.The Official Selling Price (OSP) for Oman Export Blend Crude Oil for the month of May 2020 amounts to USD 34.85 per barrel. 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 cent