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On Tethys Oil’s Farha South field, on Block 3 in Oman, a total of 11 wells were drilled and completed during first quarter 2012. Of these, five were exploration and appraisal wells drilled into the Barik reservoir of previously undrilled fault blocks resulting in the discovery of three new oil-bearing blocks.
Two of the blocks drilled where found to be dry. A total of 11 fault blocks are in production with several more planned to be drilled in 2012.
Four production wells were drilled and completed in previously drilled blocks to increase production and two water injection wells were drilled and completed.
The first part of the company’s pipeline connecting Farha South with Saiwan East was completed and has been functioning without interruption.
New and larger tanks for oil storage at Saiwan have been completed as has the laying of the pipeline connecting Saiwan with the Alam station. Final installations are in progress and it is expected that the time plan will hold and that the Saiwan to Alam part will be operational before the end of second quarter.