In Kazakhstan, Tethys Petroleum is operating through its wholly owned subsidiaries, TethysAralGas LLP and Kul-Bas LLP, under four contracts in the North Ustyurt basin to the west of the Aral Sea adjacent to the prolific Pre-Caspian basin. It has a 100% working interest in the Kyzyloi Production Contract (449 sq. km), Akkulka Exploration and Production Contracts and Kul-Bas Exploration and Production Contract.
In Tajikistan, Tethys Petroleum is one of the first oil and gas companies to work in the Republic. Tethys also negotiated the first Production Sharing Contract ("PSC") for the large Bokhtar area in the southwest region of the country. This PSC has a term until June 2038, and now covers an area of approximately 36,000 sq. km.
Tethys farmed into three exploration blocks in Georgia during 2013 and currently holds a 49% non-operated interest. The blocks are located in the prolific Kura Basin close to existing oil fields.