Petro Matad Ltd. is a London and Hong Kong–based upstream oil and gas exploration company focused on on-shore Mongolia. Its principal asset is the Matad Production Sharing Contract (PSC) covering approximately 20,000 square kilometers in the eastern part of the country, an area believed to hold significant conventional hydrocarbon potential. The company’s activities range from seismic data acquisition and interpretation to the planning and execution of exploration drilling campaigns.
Originally incorporated in the mid-2000s, Petro Matad secured its Mongolian exploration license through competitive bidding and has since progressed through multiple phases of geological and geophysical studies. Over the years, the company has completed extensive 2D and 3D seismic surveys, identifying key prospects and working to de-risk subsurface targets ahead of drilling. Petro Matad maintains its commitment to technical rigor by collaborating with international service providers and leveraging regional geological expertise.
Operating in a frontier basin environment, the company works closely with Mongolian government agencies and local contractors to advance its exploration objectives. Its headquarters in London oversee strategy, capital markets engagement and governance, while a dedicated in-country team manages field operations and stakeholder relations. By focusing on Mongolia’s underexplored basins, Petro Matad seeks to unlock resources that could contribute to both domestic energy security and global supply diversification.
Petro Matad is guided by an executive management team and board of directors with extensive upstream sector experience, blended with regional know-how in Asia-Pacific oil and gas development. The leadership group prioritizes rigorous health, safety and environmental standards, as well as transparent engagement with host communities and regulators. Together, they aim to advance the company’s exploration portfolio toward value-creating drilling milestones in the years ahead.
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