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 Crude Oil Extraction 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 44 is higher than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Tethys Oil's reported carbon emissions
In 2024, Tethys Oil reported total carbon emissions of approximately 503,229,000 kg CO2e. This figure includes Scope 1 emissions of about 2,888,000 kg CO2e, Scope 2 emissions of approximately 79,000 kg CO2e, and significant Scope 3 emissions amounting to about 499,597,000 kg CO2e, with the use of sold products contributing approximately 190,664,000 kg CO2e. In 2023, the company’s total emissions were about 508,967,000 kg CO2e, with Scope 1 emissions at approximately 440,000 kg CO2e and Scope 2 emissions around 70,000 kg CO2e. The Scope 3 emissions for that year were notably high, reaching about 508,967,000 kg CO2e. Tethys Oil has set ambitious climate commitments, aiming for no routine flaring by 2030, which applies to both Scope 1 and Scope 2 emissions. This initiative reflects the company's commitment to reducing its carbon footprint and aligns with broader industry trends towards sustainability. The emissions data is cascaded from Tethys Oil AB (publ), indicating a corporate family relationship. The company is actively working towards enhancing its sustainability practices while addressing its carbon emissions across all scopes.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 126,846,000 | 000,000,000 | 000,000,000 | 00,000 | 0,000,000 | 0,000,000 | 000,000 | 0,000,000 |
| Scope 2 | - | - | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 3 | - | - | 000,000,000 | 000,000,000 | 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 participating in any of the initiatives that 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.
