Share info
+/- SEK Volume

Company history

Tethys Oil AB was founded in 2001 and was awarded its first licence onshore Denmark in 2002. Tethys has participated in a number of projects and depending on results some licences have been relinquished and others have been added.

Production history

 

 

 

 

 

 

 

 

2016

Production in 2016 amounts to 12,235 bopd (before government take)
Tethys Oil pays dividend and distributes SEK 4.00 per share to its shareholders

2015

Production exceeds 11,000 bopd at the end of the year (before government take)
Tethys Oil pays dividend and distributes SEK 3.00 per share to its shareholders

2014

A four-year Senior RBL of up to MUSD 100
MSEK 400 bond redeemed

2013

35 wells drilled on Blocks 3 and 4
New oil play discovered in the Lower Buah reservoir
Tethys Oil approved for listing on NASDAQ OMX Stockholm

2012

Acquisition of indirect interests in oil producing assets in Lithuania.
Part of one of the Lithuanian licences farmed out to Chevron.
Extension of the licence for Blocks 3 & 4 until 2040.
Permanent production facilities completed on Blocks 3 & 4.

2011

Acquisition of an additional licence in France, Bassin d’Ales.

2010

20 percent of Block 3 & 4 farmed out to Mitsui.
Production started a Blocks 3 & 4.

2009

First drilling as a partner on Blocks 3 & 4.

2007

Re-entry and drilling of Jebel Aswad-1 started, Tethys Oil’s first well with hydrocarbons discovery.
Acquisition of interests in Blocks 3 & 4, Oman.
Award of licence on the Island Gotland in Sweden.

2006
Karlebo-1 in Denmark was drilled

2004

IPO and listing on First North.

2003

Acquisition of three Turkish and one Danish licence.
Acquisition of interests in three Spanish licences.

2002

The company awarded its first licence onshore in Denmark.

About Tethys Oil

Tethys Oil is a mid sized Swedish oil company with focus on onshore areas with known oil discoveries. Tethys Oil's core area is Oman, where the company holds 2P reserves of 21.4 mmbo and has an oil production of about 12,000 barrels per day from Blocks 3&4. Tethys Oil also has onshore exploration licences in Lithuania and France and some production in Lithuania. The head office is located in Stockholm and the company's shares are listed on Nasdaq Stockholm (TETY).