• Tethys Oil – Exploring Oman since 2006

    Tethys Oil is an oil exploration and production company with focus on onshore areas with known oil discoveries. The company’s core area is the Sultanate of Oman, where it has been present since 2006 and currently holds interests in Blocks 3&4, Block 49, Block 56 and Block 58. Tethys Oil has 2P reserves of 23.9 mmbo and 2C Contingent Resources of 14.6 mmbo and had an average oil production of 9,940 barrels per day during 2022.

Proposed dividend and distribution to the AGM 2023

The board of directors proposes an ordinary dividend of SEK 2.00 per share payable in November and an extraordinary distribution of SEK 3.00 by way of a mandatory share redemption programme following the 2023 AGM.

Tethys Oil published the interim report for the third quarter and the first nine months of 2023 on Tuesday, 7 November 2023 at 7:30 CET.

Webcasted conference call: at 10.00 CET the same day.


9,940 barrels of oil per day

Tethys Oil’s share of production in 2022 from Blocks 3&4 in the Sultanate of Oman, amounted to 3,628,074 barrels of oil, corresponding to 9,940 barrels of oil per day, before government take. Oil production in Oman is subject to production limitations under the OPEC+ agreement.

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