Sweden

The Swedish Mining Inspector granted an application by Tethys Oil AB, Stockholm, to explore a 133,400-acre license on northern Gotland Island in the Baltic Sea south of Stockholm.

Jan 11th, 2008

By OGJ editors
HOUSTON, Jan. 11 -- The Swedish Mining Inspector granted an application by Tethys Oil AB, Stockholm, to explore a 133,400-acre license on northern Gotland Island in the Baltic Sea south of Stockholm.

Sweden has no commercial oil or gas production, but oil was previously produced from Ordovician reefs on Gotland, which the company called "the country's only proven oil region."

Tethys Oil said historic data and further work using gravimetry and radar techniques could improve understanding of the distribution of the reefs, several of which have been mapped and drilled. Surface geochemical surveys may be run later, possibly leading to seismic surveys and drilling.

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