Tethys Petroleum: Operational Update
In Kazakhstan, work continues on the gas project with the dehydration equipment having now been successfully tested in China and being shipped to Kazakhstan. Work is proceeding well on the installation of additional field pipelines, etc., and we are on track for meeting our production target of three times current …
Tethys Petroleum: 15 Year Extension to the Kyzyloi Gas Contract
Tethys Petroleum Limited, following on from the recently announced Kazakh State Reserves Committee approval, today confirmed that it has received approval from the Ministry of Oil & Gas of the Republic of Kazakhstan for the extension its Kyzyloi Production Contract for a further 15 years to June 2029. The Contract …
Tethys Petroleum: Annual Report
Tethys Petroleum Limited today announced its Annual Results for the year ended December 31, 2013. Corporate Highlights — Completion of a farm-out of 66.66% of the Tajik Bokhtar Production Sharing Contract agreement to subsidiaries of Total Exploration and Production SA and China National Petroleum Corporation for USD63.4 million — Conditional …
Tethys: Boosted by Gas Well Success and Anticipated Gas Sales to China
Tethys Petroleum Limited, the oil and gas exploration and production company focused on Central Asia and the Caspian Region, is pleased to announce the success of Well AKK18, the second shallow gas exploration well of its 2014 programme. Analysis of data from the well indicates it, like the recently drilled AKK17 well, is …
Tethys Petroleum: Completes Strategic Acquisition in Georgia and Exits Uzbekistan
Tethys Petroleum Limited, the oil and gas exploration and production company focused on Central Asia and the Caspian Region, is pleased to announce that it has received the appropriate Georgian governmental consent for the acquisition of a 56% interest in Blocks XIA, XIM and XIN (Project “Iberia”) in eastern Georgia. …
Tethys Petroleum: Bernard Murphy, CFO, Retiring, Denise Lay to be New CFO
Tethys Petroleum has announced that chief financial officer (CFO) Bernard Murphy will retire at the end of January. Murphy has been at Tethys for seven years. He will be replaced by deputy CFO Denise Lay. “While I consider it a privilege to have worked with such a talented group of …
Tethys Petroleum Wins World Finance Award-Best Exploration and Production Company Asia 2013
Tethys Petroleum Limited is proud to announce that it has won the prestigious World Finance Oil & Gas Award for the Best Exploration and Production Company, Asia 2013. Dr. David Robson, Executive Chairman and President of Tethys Petroleum Limited, was honoured to accept this award on behalf of Tethys at …
Tethy Petroleum Kazakhstan In Farm Out Deal for $75m USD with SinoHan
Tethys Petroleum Limited, the oil and gas exploration and production company focused on Central Asia and the Caspian Region, today announced that it has entered into a definitive agreement for the sale of 50% of its Kazakh oil & gas assets to SinoHan Oil and Gas Investment B.V. (“SinoHan”), part …
Tethys Petroleum: Chegara Presidential Decree Issued
Tethys Petroleum is pleased to announce that it has received final presidential approvals for the Production Enhancement Contract (“PEC”) for the Chegara Group of Oilfields in southern Uzbekistan. According to the Decree of the President of the Republic of Uzbekistan No. PP-2025 “On measures to enhance oil production from the …
Tethys Petroleum: Extends Kazak Drilling Program
Tethys Petroleum Limited, the oil and gas exploration and production company focused on Central Asia and the Caspian Region, today announced an update on its Kazakhstan drilling schedule previously announced as part of the Kazakhstan work programme through Q1, 2014. Extended and accelerated drilling programme: Two deep exploration wells now …