Tethys Oil AB, commonly referred to as Tethys Oil, is a prominent player in the crude petroleum industry, headquartered in Sweden (SE). Established in 2001, the company has carved a niche in crude oil extraction services, focusing on operations in the Middle East, particularly in Oman.
Tethys Oil is dedicated to the exploration and production of oil, leveraging advanced technologies and sustainable practices to enhance efficiency. The company’s unique approach to resource management and commitment to environmental stewardship sets it apart in a competitive market.
With a strong portfolio of assets and a reputation for operational excellence, Tethys Oil has achieved significant milestones, positioning itself as a reliable partner in the oil sector. Its strategic initiatives and focus on growth continue to solidify its standing in the global crude oil landscape.
+10 vs industry average
Tethys Oil’s score of 25 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Crude Oil Extraction is among the most carbon-intensive industries
Industry performance
The Crude Oil Extraction industry has reduced its overall emissions by 90% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Tethys Oil's reported carbon emissions
Tethys Oil, an oil extraction company headquartered in SE, has reported its carbon emissions for recent years. In 2024, the company's total emissions were approximately 503.2 billion kg CO2e. This includes Scope 1 emissions of approximately 2.9 million kg CO2e and Scope 2 emissions of about 79,000 kg CO2e. Scope 3 emissions were substantial, amounting to approximately 1.3 trillion kg CO2e. For 2023, Tethys Oil reported total emissions of approximately 509.0 billion kg CO2e, with Scope 1 at about 440,000 kg CO2e and Scope 2 at approximately 70,000 kg CO2e. Their Scope 3 emissions for this year were around 1.3 trillion kg CO2e. In 2022, the company's total emissions were approximately 529.4 billion kg CO2e, comprising Scope 1 emissions of about 2.0 million kg CO2e and Scope 2 emissions of roughly 67,000 kg CO2e. Scope 3 emissions were approximately 1.3 trillion kg CO2e. In 2021, total emissions stood at approximately 538.9 billion kg CO2e, with Scope 1 emissions at about 1.8 million kg CO2e and Scope 2 emissions at approximately 49,000 kg CO2e. Scope 3 emissions were approximately 1.4 trillion kg CO2e. For 2020, Tethys Oil reported total emissions of approximately 465.2 billion kg CO2e, with Scope 1 at about 32,000 kg CO2e and Scope 2 at approximately 40,000 kg CO2e. Scope 3 emissions were around 465.1 billion kg CO2e. Previous reporting in 2019 showed significant Scope 1 emissions of approximately 181.3 million kg CO2e and Scope 2 emissions of about 50,000 kg CO2e. Scope 3 emissions were approximately 364.7 billion kg CO2e. In 2018, Scope 1 emissions were reported at approximately 116.2 million kg CO2e. Tethys Oil has committed to a reduction target of "No routine flaring by 2030" for both Scope 1 and Scope 2 emissions. This initiative is aimed at addressing greenhouse gas emissions associated with their operations. It is important to note that Tethys Oil's emissions data is cascaded from its ultimate parent company, Tethys Oil AB (publ), where Tethys Oil is a current subsidiary with a cascade level of 2.
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Tethys Oil’s Climate Goals (2030 & 2050)
2 goals2030
Ingen rutinmässig fackling 2030
Ingen rutinmässig fackling 2030
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 2 climate goals
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Scope 3 top emissions categories
6 of 15 categories disclosedSee all scope 3 categories
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Emissions comparison with industry peers
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Tethys Oil
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