- Production decline in Blocks 3&4 due to underperforming wells and processing facility constraints.
- Challenges in finding commercially viable offers for re-testing Thameen-1 well.
- Oil price vulnerability.
Tethys Oil AB (publ)
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Tethys Oil AB (publ) disclosed greenhouse gas emissions of 509.0K tCO2e (operational control); 508818 tCO2e (equity share). By scope: Scope 1: 440 tCO2e (operational control); 235,604 tCO2e (equity share); Scope 2: 70 tCO2e (operational control); 70 tCO2e (equity share); Scope 3: 508.5K tCO2e (operational control); 273144 tCO2e (equity share). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
509.0K tCO2e (operational control); 508818 tCO2e (equity share)
2023
Water Usage
2.0K megaliters (total)
2023
Waste
19.8 tons (operated); 414.3 tons (non-operated)
2023
Energy Use
6.7M MJ (operated); 601545613 MJ (non-operated)
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 440 tCO2e (operational control); 235,604 tCO2e (equity share) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 70 tCO2e (operational control); 70 tCO2e (equity share) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 508.5K tCO2e (operational control); 273144 tCO2e (equity share) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 509.0K tCO2e (operational control); 508818 tCO2e (equity share) |
| 2022 | 529.4K tCO2e/year (operational control); 528718 tCO2e/year (equity share) |
| 2021 | 469.5K tCO2e |
| 2020 | 155.0K tCO2e |
| 2019 | 217.0K tCO2e (Tethys Oil's share of Blocks 3&4 emissions) |
| 2018 | 73.3K tonnes CO2e (Blocks 3&4) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- First power generated from the Gas-to-Power project, reducing routine flaring and diesel consumption.
- Reduced GHG emissions (operational control method) by 3.9% year on year.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Finalise first phase of Gas-to-Power project in Q1 2024.
- Bring Block 56 to commercial production in 2024.
- Complete seismic acquisition programme on Blocks 3&4 by mid-2024.
📅 Medium-term
- Zero routine flaring by 2030.
🌱 ESG Focus Areas
EnvironmentSocial & SafetyGovernance