Climate Change Data

Tethys Petroleum Limited

Climate Impact & Sustainability Data (2016-06, 2023-07-01 to 2023-09-30)

Reporting Period: 2016-06

Environmental Metrics

Climate Goals & Targets

Long-term Goals:
  • Become the leading Independent E&P Company in Central Asia.
Short-term Goals:
  • Complete transactions with Olisol to secure funding and a strong in-country partner.
  • Continue to evaluate farm-out opportunities for Tajikistan and Georgia.
  • Continue to review and implement further cost reductions.
  • Maintain and increase shallow gas production to supply gas to China.
  • Drill the Klymene exploration well in Kazakhstan (subject to funding).

Environmental Challenges

  • Natural decline in production volumes of oil and gas.
  • Devaluation of the Kazakh currency (Tenge).
  • Lack of funding to develop assets.
  • Withdrawal notice from partners in Tajikistan.
  • Difficult business and banking environment in Kazakhstan.
  • Higher Bukhara-Urals gas trunkline pressure affecting gas production.
Mitigation Strategies
  • Cost reduction initiatives (reducing production and administrative expenses).
  • Seeking alternative funding and investment options (including transactions with Olisol).
  • Evaluating farm-out opportunities for Tajikistan and Georgia assets.
  • Obtaining a USD10 million loan facility from a Kazakh bank.
  • Implementing a new shallow gas drilling program.
  • Actively seeking an amicable resolution with partners in Tajikistan.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFRS

Reporting Period: 2023-07-01 to 2023-09-30

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Not disclosed

Environmental Achievements

  • Not disclosed

Social Achievements

  • Not disclosed

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Become a leading oil and gas exploration and production company in Central Asia.
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Continue development of oil and gas fields to increase production and revenue (focus on Kul-bas field).
  • Improve oil and gas marketing to achieve best prices.
  • Improve logistics to reduce oil shipping costs.
  • Fund development plans from operations while exploring financing and partnership alternatives.

Environmental Challenges

  • Lower average oil sales prices due to new regulations from the Ministry of Energy and the war in Ukraine.
  • Dispute with QazaqGaz over gas pricing and payment, resulting in the temporary shutdown of gas field operations.
  • Need to obtain a commercial production license for the Kul-bas oil field, requiring investment in additional infrastructure and gas utilization.
  • Reduced oil prices in Kazakhstan.
Mitigation Strategies
  • Cost optimization, including delays in exploration programs and staff reductions.
  • Negotiations with QazaqGaz to resolve gas pricing and payment issues.
  • Working towards obtaining a commercial production license for the Kul-bas oil field.
  • Reducing exploration and operating plans to incorporate lower oil price estimates.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: IFRS

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed