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Tethys Oil announces Financial Guidance for 2022

Swedish energy firm Tethys Oil outlines strategy for new upstream exploration in Oman

MUSCAT: Swedish-based international energy firm Tethys Oil has lined up a substantial slate of activities to unlock the hydrocarbon potential of its expanding portfolio of oil and gas assets in the Sultanate.The Stockholm-headquartered companies operates three of the five blocks in its portfolio, with the remaining two represented by the combination of.

Oman: Tethys Oil Eyes Investing $47 Million in 2021

Tethys Oil plans $47m investment in Oman in 2021

Tethys Oil plans $47m investment in Oman in 2021 MUSCAT, 9 days ago Swedish oil company Tethys Oil, which has Oman as its core area of focus, said it plans to invest around $47 million in 2021 in its portfolio of upstream oil & gas assets in the Sultanate in 2021. The company would continue to capitalise on “promising growth opportunities in the Sultanate of Oman” linked to its “enhanced asset portfolio, Tethys Oil Managing Director Magnus Nordin was quoted as saying by Oman Observer. “2021 should see five exploration/appraisal wells and new seismic studies conducted across our asset portfolio all funded by our profitable production asset (Blocks 3&4) while leaving room to continue to fund our growth and our (dividend) distributions to shareholders,” Nordin said.