Tethys Petroleum reported a 44% drop in oil & gas sales to $36.5M in 2023 due to lower volume & prices, resulting in a $9.7M profit.
Tethys Petroleum reported a 44% drop in oil & gas sales to $36.5M in 2023 due to lower volume & prices, resulting in a $9.7M profit compared to $12.3M in 2022. Test production from KBD-10 & KBD-11 began, averaging 340 tons/day. The company is pursuing a commercial license for oil production and gas negotiations with QazaqGaz, aiming for Q2 approvals. Tethys focuses on oil & gas exploration & production in Central Asia and the Caspian Region.
April 26, 2024
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