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 32 is higher than 70% 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 2,888,440,000 kg CO2e from Scope 1 emissions, 79,000 kg CO2e from Scope 2, and 499,597,000 kg CO2e from Scope 3 emissions. In comparison, the previous year, 2023, the company recorded total emissions of about 508,967,000 kg CO2e, with Scope 1 emissions at 1,977,000 kg CO2e, Scope 2 at 70,000 kg CO2e, and Scope 3 at 508,967,000 kg CO2e. Tethys Oil has set significant 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 industry standards for climate action. The company has disclosed emissions across all three scopes, demonstrating transparency in its environmental impact reporting. Overall, Tethys Oil's emissions data and climate commitments indicate a proactive approach to addressing carbon emissions, with a focus on achieving net-zero emissions in the near term.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 126,846,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000,000 |
| 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.
