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 21 is higher than 95% 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 2023, Tethys Oil reported total carbon emissions of approximately 508,818,000 kg CO2e. This figure includes Scope 1 emissions of about 235,604,000 kg CO2e, primarily from stationary combustion, and Scope 2 emissions of approximately 70,000 kg CO2e. The company also disclosed significant Scope 3 emissions, totalling around 273,144,000 kg CO2e, with the largest contributions from the use of sold products (approximately 212,547,000 kg CO2e) and processing of sold products (about 14,405,000 kg CO2e). Comparatively, in 2022, Tethys Oil's total emissions were about 528,718,000 kg CO2e, indicating a reduction in emissions year-on-year. The company has not set specific reduction targets or climate pledges, which may limit its ability to demonstrate a proactive approach to climate commitments. Tethys Oil's emissions data reflects a comprehensive disclosure across all three scopes, showcasing its commitment to transparency in environmental impact reporting. However, the absence of defined reduction initiatives or targets suggests a need for further action in aligning with industry standards for climate commitments.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 126,846,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | - | 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 |
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.
