Sweden-headquartered oil company Tethys Oil has hit pay on its Thameen-1 onshore exploration well on Block 49 in the Sultanate of Oman.
The Thameen-1 onshore exploration well has hit its final total depth, and wireline logging operations have been completed, Tethys confirmed.
The well encountered hydrocarbon shows in the primary target, the Hasirah Sandstone. The next step in evaluating the well is to commence a well testing programme in an attempt to flow hydrocarbons to surface.
The result of the testing programme is expected within three weeks, Tethys Oil confirmed in a statement.
Commenting on the milestone, the managing director of Tethys Oil AB, Magnus Nordin, said: “This is not a discovery yet, but we are very encouraged by the progress so far and it is great news for the overall prospectivity of the Block. Now we have to be patient for another three weeks as we await the test results.”
Tethys Oil AB, through its wholly owned subsidiary Tethys Oil Montasar Ltd., is the operator of the Block and holds a 50% working interest in the exploration and production sharing agreement covering the Block.
Tethys Oil’s core area is the Sultanate of Oman, where it holds interests in Blocks 3&4, Block 49, Block 56, and Block 58.
Tethys Oil has net working interest 2P reserves of 26.9mmbo and net working interest 2C Contingent Resources of 13.9 mmbo. The firm had an average oil production of 11,336 barrels per day from Blocks 3&4 during 2020.
