Tethys Oil AB will pay up to $9.5 million in a cash and carry farm-in agreement with Biyaq Oil Field Services for 20% interest in the exploration and production license covering Block 56 onshore Oman.
Tethys Oil Oman Onshore Ltd. continues to compile data on Block 56 onshore Oman as part of field development plan preparations for the 5,808-sq km block. The company completed drilling of the Menna-1 ...