Our businesses

Exploration & Production

Matrix E&P, the Group’s upstream company: four assets across the Niger Delta and in-house drilling.

Upstream assets
4
Land rig owned by MEOSL
2,000 HP
Five-year oil target
100 Mbopd

Overview

Upstream, built the way the Group built downstream: integrated, practical and ambitious.

Matrix Energy Exploration and Production Company Limited (Matrix E&P) holds interests in Apani (PML 79), Atamba (PPL 211), Igbomotoru (PPL 207) and OPL 2010, spanning exploration, field development and production.

Matrix Energy Operations Services Limited (MEOSL) owns a 2,000 HP, 10,000-psi land rig for the development programme, and every asset plans for gas offtake to minimise routine flaring. Over five years Matrix E&P is targeting 100 Mbopd of oil and 650 MMscf/d of gas.

A growing portfolio of producing, development and exploration assets, with the rig to drill them.

What we do

Four upstream assets

Onshore, swamp and shallow offshore interests in the Niger Delta.

In-house drilling

MEOSL’s 2,000 HP, 10,000-psi land rig.

Gas monetisation

Gas offtake built into field plans; routine flaring minimised.

Field development

From discovery to production, at the pace of each asset.

Exploration upside

Blockwide 3D seismic on OPL 2010, now being processed.

Where it sits in the chain

Every link is one company. The highlighted link is this business.

  1. 4assetsUpstream
  2. 3M+tonnes annuallyTrading & supply
  3. 4vesselsShipping
  4. 150M+litresStorage
  5. 610+trucksLogistics
  6. 110+stationsRetail

Visit Matrix E&P

Asset details, milestones and field timelines are on the Matrix E&P website.

Matrix E&P

The Group’s upstream company, in full on its own site

Matrix Energy Exploration and Production Company Limited (Matrix E&P) is the Group’s upstream company, holding interests across four licensed assets in the Niger Delta, spanning production, development and exploration.

In-house drilling sits with Matrix Energy Operations Services Limited (MEOSL), whose OYEBISI A001 rig — 2,000 HP and rated to 10,000 psi — supports the development programme across these assets.

Gas monetisation and field development are the next phase of growth, with a five-year ambition of 100 Mbopd of oil and 650 MMscf/d of gas.

ApaniPML 79100%
AtambaPPL 21190%
IgbomotoruPPL 20725.76%
OPL 2010OperatorOPL 201060%
Oil, five-year target
100 Mbopd
Gas, five-year target
650 MMscf/d