Oil and Gas

Tethys Petroleum Limited (TSE: TPL) announced that it has commenced oil sales under a test production scheme from the Doris oil discovery in Kazakhstan.

Tethys Petroleum Limited (TSX: TPL) announced that it has commenced oil sales under a test production scheme from the Doris oil discovery in Kazakhstan.

The press release is quoted as saying:

Initially untreated oil will be sold at the well site to an oil trading company who will transport the oil to the oil processing facility at Emba, located some 450 km to the north-east where it will be treated before being transported to a local refinery. Initial daily production under this early production scheme is planned to be 750 bopd and will be sold at the wellhead at an initial price of $22/barrel for the untreated oil.

Click here to access the entire press release

Click here to access Tethys Petroleum Limited Corporate Site

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