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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 interests in Blocks 3&4 and Block 49. The reserve and resource base on Blocks 3&4 amounts to 22.0 mmbo of 2P reserves and the 17.3 mmbo of 2C Contingent Resources. The average oil production in 2017 from Blocks 3&4 amounted to 12,162 bopd, (Tethys Oil’s share of gross production, before government take). With a cash flow driven development approach, Tethys Oil’s main operational target is incremental increases of production and reserves from the Omani blocks. Tethys Oil also has onshore exploration licences in Lithuania and France and some production in Lithuania.

CountryLicenseTotal area (km2)Tethys Oil's sharePartnersPhase
OmanBlocks 3 &429,13030%CC Energy, Mitsui Production
LitauenGargzdai88425%Odin Energi, GeonaftaProduction
OmanBlock 4915,439100%-Exploration
LitauenRietavas1,59430%Odin, Private investorsExploration
LitauenRaseiniai1,53530%Odin, Private investorsExploration
FranceAttila1,98640%Galli CozExploration

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 22 mmbo and 2C Contingent Resources of 17 mmbo and had an average oil production of 12,162 barrels per day from Blocks 3&4 during 2017. Tethys Oil also has onshore exploration licences in Lithuania and France and some production in Lithuania. The shares are listed on Nasdaq Stockholm (TETY).