NORDIC BUSINESS REPORT-July 9, 2020-Tethys Oil reports production update for June 2020
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Tethys Oil AB (STO:TETY), a Swedish oil company with focus on onshore areas with known oil discoveries, reported on Wednesday that the company's share of the production, before government take, from Blocks 3&4 onshore the Sultanate of Oman amounted to 308,858 barrels of oil in June 2020, corresponding to 10,295 barrels of oil per day.
Reportedly, oil production in Oman is currently subject to production limitations under the OPEC+ agreement. As a consequence, production from Blocks 3&4 is subject to limitations but is likely to fluctuate on a monthly basis.
The Official Selling Price (OSP) for Oman Export Blend Crude Oil for the month of June 2020 amounts to...