Project Profile
Location: Near Gargzdai, Cambrian sandstones, Western Lithuania
Area: 1,594 sq. km
Start-up Year: -
Rietavas license covers 1,600 sq km near Gargzdai with a known oil discovery in Cambrian sandstones. Rietavas is underexplored. The Silurian-Ordovician shale section is present also in Rietava. The Rietavas license is located close to the Gargzdai license, with a known oil discovery in the Cambrian sandstones which is the reservoir layer which is in production in Gargzdai.
Operators:
Tethys Oil: Operator with 30% interest
Odin Energi AS: 70% interest