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.

2019

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

2018

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

2017

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

2016

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

2015

Tethys Oil distributes SEK 3.00 per share to its shareholders

2014

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

2013

Tethys Oil approved for listing on NASDAQ OMX Stockholm

2012

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

2010

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

2009

First drilling as a partner on Blocks 3 & 4.

2007
Acquisition of interests in Blocks 3 & 4, Oman.

2006
First Company-operated well drilled in Denmark

2004

IPO and listing on First North.

2001

Founded

 

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 and Block 56. 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: www.tethysoil.com