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Ministry of Energy and Minerals Awards Contract to Tethys Oil for Development of Concession Area 56

Nov 26, 2024•over 1 year ago

Contract Type

contract

MuscatEnergyOil And GasBiomass Energy

Description

The Ministry of Energy and Minerals has awarded Swedish company Tethys Oil a contract for the development of Concession Area 56. The project includes developing oilfields in the area and additional exploration activities, with a total investment volume exceeding OMR92.4 million ($240 million).

Company Information

Company

Tethys Oil

Location

Muscat, Muscat Governorate, Oman

About

Tethys Oil is a Swedish company specializing in oil and gas exploration and production.

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