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 19 is higher than 96% 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 508,818,000 kg CO2e. This figure includes 235,604,000 kg CO2e from Scope 1 emissions, which primarily arise from stationary combustion, and 273,144,000 kg CO2e from Scope 3 emissions, encompassing various activities such as the use of sold products and upstream transportation. The company also recorded 70,000 kg CO2e in Scope 2 emissions. Over the years, Tethys Oil has seen fluctuations in its emissions. For instance, in 2022, total emissions were about 528,718,000 kg CO2e, with Scope 1 emissions at 268,360,000 kg CO2e and Scope 3 emissions at 260,291,000 kg CO2e. The company has not publicly disclosed specific reduction targets or initiatives aimed at decreasing its carbon footprint, nor has it committed to any climate pledges or SBTi (Science Based Targets initiative) reduction targets. Tethys Oil's emissions data reflects the challenges faced by the oil and gas industry in managing carbon emissions while maintaining production levels. The company continues to operate within a sector that is under increasing scrutiny for its environmental impact, highlighting the importance of transparency and commitment to sustainability in future operations.
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Get Started| 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 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.
