Petro Matad Ltd 2019 Annual Report with Sustainability Disclosures
The report outlines Petro Matad Limited's operations and sustainability performance for the fiscal year ended December 31, 2019. A key milestone was achieved with the Heron-1 well being declared a significant oil discovery, demonstrating natural flow capability and recording one of the highest flow rates in Mongolia. In response to the COVID-19 pandemic, the company implemented proactive safety measures and cost-cutting initiatives, including salary reductions for directors and senior management. On the environmental and safety front, the company maintained its record of zero lost time injuries for the fourth consecutive year and conducted detailed environmental impact assessments. Additionally, Petro Matad continued its community engagement through social investment projects, including funding water wells and supporting local herder families.
Company: Petro Matad Ltd
Sector: Mining & quarrying
Country: Mongolia
Year: 2019
Type: Annual Report with Sustainability Disclosures
Pages: 55
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Petro Matad Ltd
Annual Report
The report outlines Petro Matad Limited's operations and sustainability performance for the fiscal year ended December 31, 2019. A key milestone was achieved with the Heron-1 well being declared a significant oil discovery, demonstrating natural flow capability and recording one of the highest flow rates in Mongolia. In response to the COVID-19 pandemic, the company implemented proactive safety measures and cost-cutting initiatives, including salary reductions for directors and senior management. On the environmental and safety front, the company maintained its record of zero lost time injuries for the fourth consecutive year and conducted detailed environmental impact assessments. Additionally, Petro Matad continued its community engagement through social investment projects, including funding water wells and supporting local herder families.
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Document Details
Report Year
2019
Reporting Period
Jan 1, 2019 - Dec 31, 2019
Fiscal Year
2019
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
No data available