Tethys initiates strategic review of oil, gas portfolio
Sweden-based Tethys Oil on February 5 announced that its board of directors has decided to undertake a strategic review of the company's portfolio of oil and gas interests.
The primary objective of this review is to optimise the mix of assets at various stages of the lifecycle and enhance the visibility of the fair market value of these assets.
Tethys Oil holds interests in one non-operated and three operated assets through exploration and production sharing agreements (EPSA) in respect of assets across various stages of the industry lifecycle, from early exploration to mature production. It holds majority interest stakes in most of its ass.
The company's core area of focus is Oman, where it holds interests in Blocks 3&4, Block 49, Block 56, and Block 58.