The Official Selling Price (OSP) for Oman Export Blend Crude Oil for the month of April 2020 amounts to $54.61 per barrel. The OSP, as published by Oman’s Ministry of Oil & Gas, is the benchmark price for Tethys Oil’s monthly oil sales excluding trading and quality adjustments.
Tethys Oil AB, through its wholly-owned subsidiary Tethys Oil Block 3 & 4 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.
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