Tethys has fallen victim to partner pre-emption rights exercised in a block 53 transaction, namely the acquisition from Total of a 2% stake in the 694-sq km block 53 (Mukhaizna), onshore S. Oman Salt Basin. The block contains Mukhaizna, the single largest producing oilfield in Oman. Remaining partners Occidental (op), OOC, Indian Oil, Liwa Energy + Partex.
Tethys has fallen victim to partner pre-emption rights exercised in a block 53 transaction, namely the acquisition from Total of a 2% stake in the 694-sq km block 53 (Mukhaizna), onshore S. Oman Salt Basin. The block contains Mukhaizna, the single largest producing oilfield in Oman. Remaining partners Occidental (op), OOC, Indian Oil, Liwa Energy + Partex.