Tethys Oil Oman Onshore Ltd. is preparing to drill in mid-April the first exploration well (Kunooz-1) in the Fahd area of Block 58, onshore Oman adjacent to Tethys' operated exploration license Block 49.
A rig contract has been signed with Gulf Oilfield Services SPC, which is fully owned by Kuwait Drilling Co. KSC.
Block 58 is in the Dhofar Governorate in the southern part of Oman and covers an area of 4,557 sq km. It straddles the western flank of South Oman Salt basin and the Western Deformation Front. A total of 7,600 km of 2D seismic and 1,100 sq km of 3D seismic data acquired by previous operators has been made available as well as raw logs and well reports from two wells drilled within the block boundaries. Both wells encountered hydrocarbon shows. Multiple play concepts are believed to exist within the block boundaries, including plays familiar to Tethys, with several leads identified.
Magnus Nordin, managing director of Tethys Oil, said the company "high-potential prospect" is estimated to hold unrisked recoverable prospective resources of more than 100 million bbl of oil
