@JmObserver –
Tethys Oil, a Swedish oil company which has interests in the Sultanate of Oman’s Blocks 3 and 4, Block 49, Block 56 and Block 58, announces that oil production is expected to commence in the coming weeks from Al Jumd field in Block 56. The company said that preparations for the extended well test of the Al Jumd discovery on Block 56 is already in its final phase. All field works have been completed, the wells are hooked up to the production system and production is expected to commence in the coming weeks following final acceptance tests and certification.
Three wells have been completed on the Al Jumd structure all recording initial flows of oil of up to 700 barrels per day. Preparations for the extended well test are well underway, the tanks are filled with oil and infrastructure such as flowlines and pumps are in place.
“At the time of writing what remains before extended production testing can commence is the finalisation and approval of the oil metering station and its installation at the Sim Sim facility where oil from Block 56 will be metered before entering the national Omani pipeline system on its way to the export facilities in Muscat. We are hopeful that the meter will be up and running within the next four to six weeks and that we early next year will be in a position to further evaluate the Al Jumd oil discovery from the perspective of potential commerciality,” Magnus Nordin, Managing Director of Tethys Oil said.
“The extended well testing of Al Jumd stands out as the most significant milestone of our operated Blocks,” he added.
Meanwhile, Tethys Oil’s cash flow from operations stood at $23 million while production from Blocks 3&4 came in at 9,788 barrels of oil per day, 3 per cent lower than Q2. Blocks 3&4 production has underperformed expectations throughout the year and while the company have seen more stability in Q2 some challenges remain, primarily on the surface with bottlenecks in the production system and a shortage of workover rig time to carry out necessary well maintenance.
