After completing its 3D seismic survey in March, Sweden’s Tethys Oil has now completed production testing of the horizontal section drilled in the Khufai reservoir in the Saiwan East-3 well or SE-3 in Block 4 onshore in Oman. The maximum rate achieved during the test was 10,714bpd of 32.4 API gravity oil through a 38 mm choke size. The well could have a potential of higher flow rates with availability of bigger capacities of test surface equipment.
“We are delighted with this test result that exceeds our expectations and fully establishes the productivity of the Khufai reservoir”, comments Magnus Nordin, Managing Director of Tethys Oil AB.
Tethys will have an interest in Blocks 3 and 4 of 30% following a farmout agreement where 20 percentage points will be granted to Mitsui E&P Middle East B.V. The farmout is subject to final government approval. The operator CC Energy Development S.A.L. (Oman branch) is holding the remaining 50%.
Tethys Oil is a Swedish energy company focused on identification and development for production of oil and natural gas assets. Tethys’ strategy is to invest in projects in areas with known oil and natural gas discoveries that have not been properly appraised using modern technology. In this way, high returns can be achieved with limited risk.
