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Business concept and strategies

Strategi eng3Looking for oil and gas is connected with considerable uncertainty. There are a couple of different strategies to handle and limit the risk. Tethys Oil invests mainly in projects, where hydrocarbons have previously been found, but ambiguity may exist in terms of productivity and reserve sizes.

Vision and strategy

Tethys Oil shall have a well balanced and self financed portfolio of oil and natural gas assets. The company also aims to conduct business in an economical, socially and environmentally responsible way, to the benefit of all stakeholders.

The company’s strategy is:

  • Organic growth in existing assets by taking a proactive role and by building strategic partnerships to convert acreage to reserves and reserves to production
  • Seek new growth platforms, primarily onshore appraisal projects with material impact and low entry cost

In the company’s existing assets, a proactive role with strategic partners is key to maximizing the potential of the projects. Growth will primarily come from appraisal projects where oil has previously been discovered, but was deemed subcommercial for various reasons.


Low entry costs

Significant potential and manageable risk

Assets where oil previously been discovered, but was deemed subcommercial

Cash flow from producing assets financing new projects

About Tethys Oil

Tethys Oil is a 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 25 mmbo and 2C Contingent Resources of 13 mmbo and had an average oil production of 11,767 barrels per day from Blocks 3&4 during 2018. Tethys Oil also has onshore exploration licences in Lithuania and France and some production in Lithuania. The shares are listed on Nasdaq Stockholm (TETY).