Block 53 (Mukhaizna), onshore S. Oman Salt Basin, Tethys has agreed to acquire Totalâs 2% stake in the 694-sq km block for USD 32 million. Encompasses Mukhaizna, the single largest producing oil field in Oman (100,000+ b/d oil). 30-year PSA signed in 2005. Tethys-Total deal still subject to approval, effective date 1 Jan â18. Remaining partners in Block 53 are Occidental (op, 45%), OOC (20%), Indian Oil (17%), Liwa Energy (15%) and Partex (1%).
Block 53 (Mukhaizna), onshore S. Oman Salt Basin, Tethys has agreed to acquire Totalâs 2% stake in the 694-sq km block for USD 32 million. Encompasses Mukhaizna, the single largest producing oil field in Oman (100,000+ b/d oil). 30-year PSA signed in 2005. Tethys-Total deal still subject to approval, effective date 1 Jan â18. Remaining partners in Block 53 are Occidental (op, 45%), OOC (20%), Indian Oil (17%), Liwa Energy (15%) and Partex (1%).