Sweden’s Tethys had its expansion ambitions dented this week as the firm’s planned 2% buy-in at Oman’s Block 53 fell through (MEES, 4 January). The closing of the acquisition, Tethys says, was subject to approval from the government and all the partners in the project—including operator Occidental (45%), Oman Oil Company (20%), Indian Oil (17%), Mubadala-owned Liwa Energy (15%), Total (whose 2% share Tethys was acquiring), and Portugal’s Partex (1%). One of the...
Oman: Tethys Deal Falls Through
Published on Fri, 25 Jan 2019 - Volume: 62 Issue: 04Print
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