Tethys Oil AB has received approval by Oman’s Ministry of Energy and Minerals for its Block 56 field development plan (FDP).
The approved FDP for Block 56 includes development of Al Jumd, Menna, and Sarha discoveries as well as further exploration potential with several leads and prospects. Development will begin in 2025.
With the approval of the FDP, Block 56 has been declared commercial and the duration of the exploration and production sharing agreement has been extended by 20 years until 2044. The FDP and Declaration of Commerciality are the first of their kinds for the Block 56 partner group.
Tethys Oil is operator of Block 56 (65%) with partners Biyaq Oilfield Services (25%), Medco Arabia Ltd. (5%), and Intaj LLC (5%).
Alex Procyk is Upstream Editor at Oil & Gas Journal. He has also served as a principal technical professional at Halliburton and as a completion engineer at ConocoPhillips. He holds a BS in chemistry (1987) from Kent State University and a PhD in chemistry (1992) from Carnegie Mellon University. He is a member of the Society of Petroleum Engineers (SPE).
