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Jan. 7, 2014 / 6:42 AM

Tethys takes slice of Omani oil pie

STOCKHOLM, Sweden, Jan. 7 (UPI) -- Tethys Petroleum Ltd. said Tuesday it secured about 30 percent of the oil produced from two reserve areas in Oman after the government took its share.

Tethys said its share of production from two reserve areas in Oman amounted to about 6,200 barrels of oil per day last month. Total production from the two inland areas corresponded to 20,677 bpd, the company said.

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The U.S. Energy Information Administration said in a country profile of Oman that it has been able to breathe new life into a declining oil sector. Oil production in 2012 was around 924,000 barrels per day.

Tethys, a Swedish energy company, owns a 30 percent stake in the two reserve areas alongside its Japanese and Omani counterparts.

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