About Tethys Oil Montasar Limited:
Tethys Oil is a Swedish energy company focused on exploration and production of oil. Their core area of operation is in Oman.
Through its wholly owned subsidiary Tethys Oil Ltd, has a 30 per cent interest in Blocks 3&4. Partners are Mitsui E&P Middle East B.V. with 20 per cent and the operator CC Energy Development S.A.L. (Oman branch) holding the remaining 50 per cent.
Recently, the company acquired the exploration licence for onshore block 49 for exploration. In the event of a commercial discovery, Oman Government Company has a right to acquire up to a 30% interest in Block 49 by reimbursing past expenditure. The initial scope of work includes geological studies, seismic acquisition and processing and exploratory drilling.
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