 Swedish oil company Tethys Oil have announced a rise of 24% in production at blocks 3 and 4 of their onshore facility in Oman, according to news site Zawya.
In its annual report, the company announced figures of 1.7 million barrels in 2013, an increase from 1.3 million barrels per day in 2012.
“The trend continued throughout 2013 with a substantial increase in December bringing average daily production above 6,000 bopd. Compared to December 2012, Block 3 and 4 production increased by 40 per cent from 4,420 bopd to 6,203 bopd,” Magnus Nordin, managing director, stated.
The production increase, Nordin said, was primarily a result of the successful exploration and appraisal work associated with the B4EW4 discovery on Block 4.
He also announced a new discovery in the B4EW6 structure. Testing operations of the Lower Buah are in progress.
Tethys’ 2014 budget calls for a capex of around $60 million in Blocks 3 and 4. About 60 per cent will be spent on continued development, including the final phase of the Farha South water injection programme and the drilling of additional production wells in all three producing areas.
The number 4 area (B4EW4) on Block 4 is planned to be connected to the processing plant at Saiwan East, and facilities will be continually upgraded to handle increased production.
