Petro Matad Ltd 2024 AR2
The report highlights Petro Matad Limited's transition to becoming Mongolia's third oil producer in 2024, following the startup of production operations at the Heron-1 well in Block XX. The company successfully completed drilling activities at the Heron-2 appraisal well and the Gobi Bear-1 exploration well without any environmental or safety incidents. Additionally, Petro Matad's joint venture, Sunsteppe Renewable Energy, advanced several renewable energy projects, including a green hydrogen demonstration project and battery storage facilities. The company also maintained its record of zero lost time injuries for the ninth consecutive year and received a 97% score on its environmental implementation report.
Company: Petro Matad Ltd
Sector: Energy
Country: Isle of Man
Year: 2024
Type: AR2
Pages: 51
Petro Matad Ltd
Annual Report
The report highlights Petro Matad Limited's transition to becoming Mongolia's third oil producer in 2024, following the startup of production operations at the Heron-1 well in Block XX. The company successfully completed drilling activities at the Heron-2 appraisal well and the Gobi Bear-1 exploration well without any environmental or safety incidents. Additionally, Petro Matad's joint venture, Sunsteppe Renewable Energy, advanced several renewable energy projects, including a green hydrogen demonstration project and battery storage facilities. The company also maintained its record of zero lost time injuries for the ninth consecutive year and received a 97% score on its environmental implementation report.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Workplace Fatalities