Operations

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 26.1 mmbo of 2P reserves and the 13.5 mmbo of 2C Contingent Resources. The average oil production in 2019 from Blocks 3&4 amounted to 12,832 bopd, (Tethys Oil’s share of gross production, before government take). 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
OmanBlock 565,80820%Medco Arabia Ltd,
Intaj LLC, Biyaq Oilfield
Services
Exploration
FranceAttila1,98640%Galli CozExploration

 

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: www.tethysoil.com