Tethys Oil AB: Tethys Oil agrees to acquire minority interest in producing oil field onshore Oman
Tethys Oil has entered into an agreement to acquire a two percent participating interest in Block 53 onshore Oman from Total E&P Oman, a wholly-owned subsidiary of Total S.A. ("Total"). Block 53 holds the Mukhaizna oil field, the single largest producing oil field in Oman with a gross production in excess of 100,000 bopd. The acquisition is subject to government approval and the waiver of partner pre-emption rights. "We welcome this opportunity which, if completed, will be a valuable complement to our existing asset base and underscores our long-term commitment to the Sultanate of Oman,"