Operations
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.
| Country | License | Total area (km2) | Tethys Oil’s share | Partners | Phase |
|---|---|---|---|---|---|
| Oman | Blocks 3 &4 | 29,130 | 30% | CCED, Mitsui | Production |
| Litauen | Gargzdai | 884 | 25% | Odin Energi, Geonafta | Production |
| Oman | Block 49 | 15,439 | 50%* | EOG* | Exploration |
| Oman | Block 56 | 5,808 | 65%** | Medco, Biyaq, Intaj |
Exploration |
| Oman | Block 58 | 4,557 | 100% | – | Exploration |
* Subject to government approval, see press release
**Subject to government approval, see press release