Ministry okays Tethys’ plan

Muscat: The Ministry of Oil and Gas has approved the field development plan of Swedish oil firm Tethys for blocks 3 and 4, and consequently the declaration of commerciality where the exploration and production) term of block 3 and 4 is extended for a 30 years from the deemed discovery date of July 20, 2010, said a company statement.

"We are extremely pleased with the approvals and would like to take this opportunity to express our sincere thanks to the Ministry of Oil and Gas of Oman, to the operator CCED and our partner Mitsui," said Tethys MD Magnus Nordin.


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