Sweden-based Tethys Oil has reported discovery of two new hydrocarbon sources with potential to be developed as oil fields in Block 3 & 4 in eastern Oman, a source said.
It follows the successful completion and testing of the exploration well Ulfa-1 which flowed oil to the surface in the second quarter of this year, said Magnus Nordin, Tethys Oil managing director.
“Together with the exploration well Erfan-1, drilled in the first quarter and appraised in the second, we now have two new discoveries. Depending on the ongoing appraisal and evaluation process, these discoveries have the potential to turn into new oil fields on Blocks 3&4. If so, we are looking at the first new fields since 2013,” Nordin stated.
“In addition to the two new, previously undrilled, fault blocks that were drilled and found to be oil bearing in the first quarter, we successfully drilled another previously undrilled fault block in the second quarter,” he added.