Tethys Oil
Tethys Oil AB, commonly referred to as Tethys Oil, is a prominent player in the oil and gas industry, headquartered in Sweden (SE). Founded in 2001, the company has established a strong operational presence in the Middle East, particularly in Oman, where it focuses on exploration and production activities. Tethys Oil is renowned for its commitment to sustainable practices and efficient resource management, setting it apart in a competitive market. The company’s core services include the exploration, development, and production of oil, with a notable emphasis on maximising recovery from existing fields. With a solid track record of successful projects and a strategic approach to asset management, Tethys Oil has positioned itself as a reliable and innovative entity within the energy sector, continually striving for excellence in its operations.
DitchCarbon Score
How does Tethys Oil's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Tethys Oil's score of 22 is higher than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Tethys Oil's reported carbon emissions
In 2023, Tethys Oil reported total carbon emissions of approximately 508,458,000 kg CO2e. This figure includes emissions from Scope 1, Scope 2, and Scope 3 sources. Specifically, Scope 1 emissions were about 440,000 kg CO2e, while Scope 2 emissions totalled around 70,000 kg CO2e. The majority of emissions, approximately 508,458,000 kg CO2e, were attributed to Scope 3, which encompasses indirect emissions from the use of sold products and other activities. Over the years, Tethys Oil has shown fluctuations in its emissions. For instance, in 2022, total emissions were about 527,362,000 kg CO2e, while in 2021, they were approximately 469,546,000 kg CO2e. The company has not set specific reduction targets or initiatives as per the latest data, indicating a potential area for improvement in their climate commitments. Tethys Oil's emissions intensity for the group (including all scopes) was reported at 0.0858 kg CO2e per barrel in 2023, reflecting their operational efficiency in relation to emissions. The company operates from its headquarters in Sweden (SE) and continues to navigate the complexities of carbon management within the oil and gas sector.
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Add to project| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 13,000 | 00,000 | 0,000,000 | 0,000,000 | 000,000 |
| Scope 2 | 50,000 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 3 | 545,957,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Tethys Oil is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
