Tethys Oil Oman Onshore Revises 2020 Capex Citing Covid-19

published:09/04/2020 05:05 GMT

Tethys Oil AB, through its wholly-owned subsidiary Tethys Oil Oman Onshore Limited, has put in place plans to enable reduced expenditure in 2020 in response to the sharp drop in oil prices and increased uncertainty resulting from the novel coronavirus (COVID-19) pandemic. While maintaining unchanged production guidance, the range for 2020 capital expenditure is expected to be lower and somewhat wider than previously communicated, the Swedish oil company said. The upstream energy firm continues...More