Tethys Petroleum Ltd. (TP21)
XSTU 
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Tethys Petroleum Ltd. Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | William Paul Wells CEO | XSTU Exchange | KYG876361257 ISIN |
| KY Country | 232 Employees | 20 Feb 2025 Last Dividend | 21 Dec 2018 Last Split | 27 Jun 2007 IPO Date |
Overview
Tethys Petroleum Limited, initially incorporated as Tethys Petroleum Investments Limited, underwent a name change in September 2006 to better reflect its operational focus. Established in 2003 and based in Grand Cayman, the Cayman Islands, the company is dedicated to the acquisition, exploration, and development of crude oil and natural gas fields primarily within Kazakhstan. Tethys Petroleum holds a significant stance in the energy sector by operating with a 100% working interest across various contracts in Kazakhstan, emphasizing its deep-rooted involvement and commitment to the region's energy resources development.
Products and Services
Tethys Petroleum Limited offers a comprehensive suite of energy resources development, underpinned by its diverse portfolio of contracts and licenses within Kazakhstan. Below is a detailed overview:
- Kyzyloi Production Contract: Covers an area of 449 square kilometers, focusing on the production of crude oil and natural gas. This contract showcases Tethys Petroleum's ability to manage and operate significant energy production facilities, ensuring a consistent supply of valuable resources.
- Akkulka Exploration Licence and Contract: Spanning 827 square kilometers, this licence allows Tethys Petroleum to explore and assess the potential for crude oil and natural gas deposits. It is a testament to the company's commitment to expanding its resource base through detailed geological exploration.
- Akkulka Production Contract: Encompassing 396 square kilometers, this contract further emphasizes the company's role in the production and development of energy resources. It reflects Tethys Petroleum's expertise in converting exploratory projects into productive endeavors.
- Kul-Bas Exploration and Production Contract: With a vast area of 7,632 square kilometers, this contract represents Tethys Petroleum's largest operational project. It underscores the company's comprehensive capabilities in both exploration and production, highlighting its significant contribution to Kazakhstan's energy sector.
