Tethys Oil AB: Tethys Oil announces 2018 investments and production guidance
Tethys Oil AB is pleased to announce the company's 2018 investments expectations for the company's operations in Oman. Under current market conditions and production assumptions, Tethys Oil expects its 2018 investments to amount to MUSD 53-62. The range includes deferred investments from 2017. The production guidance for 2018 is a monthly average production of between 11,000-13,000 barrels of oil per day. Investments in 2018Focus of the work program in Blocks 3&4 is expected to be drilling and developing new Farha South fault blocks and continue the development of existing producing