Tethys Oil, through its subsidiary, has submitted an initial comprehensive field development plan (FDP) for Block 56 in Oman to the Ministry of Energy and Minerals (MEM).

The FDP outlines a strategy to develop and evaluate the potential of three established oil fields within the Mudawrat Concession: Al Jumd, Menna and Sarha.

The development approach includes the drilling of numerous horizontal wells.

Tethys Oil said the proposed surface development framework is designed to be adaptable for future requirements.

It will initially utilise a fast-track option leveraging export routes established by adjacent operators.

Additionally, the FDP presents a blueprint for ongoing exploratory efforts within Block 56, targeting further leads and prospects to enhance the concession's value.

Following approval from the MEM, the exploration and production sharing agreement (EPSA) for Block 56 is set to be extended, facilitating the commercialisation of the discovered oil fields within the concession.

Tethys Oil managing director Magnus Nordin said: “We are very pleased to have submitted the FDP for Block 56, a major milestone for Tethys Oil. We now look forward to getting the MEM’s approval to declare commerciality and start the implementation of the FDP as well as putting the fields in production.”

Tethys Oil holds a 65% stake and serves as operator of the consortium that manages Block 56.

Other consortium partners include Biyaq Oilfield Services (25%), Medco Arabia (5%) and Intaj (5%).

Covering an area of 5,808km², Block 56 is located in the south-eastern part of Oman around 200km south of Blocks 3 and 4.