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.


Record financial results and successful appraisal of contingent resources
Tethys Oil distributes SEK 6.00 per share to its shareholders


Tethys Oil awarded Block 49 onshore Oman
Tethys Oil distributes SEK 1.00 per share to its shareholders


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


Tethys Oil distributes SEK 3.00 per share to its shareholders


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


Tethys Oil approved for listing on NASDAQ OMX Stockholm


Acquisition of indirect interests in oil producing assets in Lithuania.
FDP for Block 3&4 approved, licence terms extended until 2040
Three year MSEK 400 bond loan issued


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


First drilling as a partner on Blocks 3 & 4.

Acquisition of interests in Blocks 3 & 4, Oman.

First Company-operated well drilled in Denmark


IPO and listing on First North.




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).