Water injection

WSW 002 570

Water injection is a method to increase oil recovery from an existing reservoir. Water is injected back into the reservoir, usually to increase pressure and thereby stimulate production from a well. Water is injected to support pressure of the reservoir and to sweep or displace oil from the reservoir, and push it towards a well. Using water injections can increase the production rate for reservoir from 10-20 percent to 30-45 percent and extend the commercial period.

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).