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 Production from Blocks 3&4, Oman
Tethys Oil acquires 20 percent in Block 56 onshore Oman
Tethys Oil distributes SEK 8.00 per share to its shareholders


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. The company’s core area is the Sultanate of Oman, where it holds interests in Blocks 3&4, Block 49, Block 56 and Block 58. Tethys Oil has net working interest 2P reserves of 26.1 mmbo and net working interest 2C Contingent Resources of 13.5 mmbo and had an average oil production of 12,832 barrels per day from Blocks 3&4 during 2019. The company’s shares are listed on Nasdaq Stockholm (TETY). Website: