Petro Matad Ltd 2023 AR2
The report outlines Petro Matad Limited's operational, financial, and ESG performance for the fiscal year ended December 31, 2023. During the year, the company focused on securing land access for the Heron oil discovery in Block XX, which was eventually achieved at the local level in May 2024. Petro Matad successfully drilled the Velociraptor-1 exploration well in Block V within budget and with zero HSSE incidents, though no hydrocarbons were found. Additionally, the company advanced its renewable energy joint venture, Sunsteppe Renewable Energy, progressing feasibility and grid studies for a 50MW battery storage project and a green hydrogen initiative in Mongolia.
Company: Petro Matad Ltd
Sector: Energy
Country: Isle of Man
Year: 2023
Type: AR2
Pages: 51
Petro Matad Ltd
Annual Report
The report outlines Petro Matad Limited's operational, financial, and ESG performance for the fiscal year ended December 31, 2023. During the year, the company focused on securing land access for the Heron oil discovery in Block XX, which was eventually achieved at the local level in May 2024. Petro Matad successfully drilled the Velociraptor-1 exploration well in Block V within budget and with zero HSSE incidents, though no hydrocarbons were found. Additionally, the company advanced its renewable energy joint venture, Sunsteppe Renewable Energy, progressing feasibility and grid studies for a 50MW battery storage project and a green hydrogen initiative in Mongolia.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
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