Company Overview

Yemen National Energy Company that Plays a Significant Role in Yemen’s National Economy

Masila Petroleum Exploration and Production Company (PetroMasila) is a leading national Yemeni company working in the exploration and production of oil and gas and related energy projects.

PetroMasila was founded on December 18, 2011 under Cabinet Resolution No. 244 for 2011, to operate Block 14, after expiry of that block’s Production Sharing Agreement with the former Canadian operator.

Now, PetroMasila is operating Blocks 10, 14, 51 and 53 in Hadhramout governorate. PetroMasila also operates the Ash-Shihr Terminal on the Arabian Sea, where crude oil, produced from its and other blocks in the region, is transported by a 137km pipeline for storage and export.

PetroMasila also produces diesel and associated gas for use in the generation of power for operational purposes and the supply of electricity to cities and villages in the Wadi Hadhramout region.

Further, PetroMasila has overseen the construction of national energy projects, including bi-fuel turbine electricity generation, as directed by H.E. President and the government of Yemen.

Key Milestones

 
  • December 18, 2011: PetroMasila was founded under Cabinet Resolution No. 244 of 2011 for operation of Block 14 after expiration of the PSA with the former operator (Canadian Nexen).
  • April 13, 2015: PetroMasila was assigned operatorship of Block 51 after departure of the former operator (Canadian Nexen).
  • January 01, 2016: PetroMasila was assigned operatorship of Block 10 after expiration of the PSA with the former operator (Total E&P Yemen).
  • October 26, 2016: Cabinet Resolution No. 32 of 2016 granted PetroMasila operatorship of Block 53.
  • October 2016: Upon instruction by H. E. President of Yemen, PetroMasila was assigned by the Cabinet to supervise the construction of a power plant project in Wadi Hadhramout (75MW capacity) which is operated by gas fuel. The plant entered into service in early 2018.
  • July 20, 2018: As directed by H.E. President of Yemen, PetroMasila signed an MOU with General Electric to construct a 264MW capacity power plant in Aden and a 100MW capacity power plant in the Coastal Region of Hadhramout.

Overview

Masila Petroleum Exploration and Production Company (PetroMasila) is a leading national Yemeni company working in the exploration and production of oil and gas and related energy projects.

PetroMasila was founded on December 18, 2011 under Cabinet Resolution No. 244 for 2011, to operate Block 14, after expiry of that block’s Production Sharing Agreement with the former Canadian operator.

Now, PetroMasila is operating Blocks 10, 14, 51 and 53 in Hadhramout governorate. PetroMasila also operates the Ash-Shihr Terminal on the Arabian Sea, where crude oil, produced from its and other blocks in the region, is transported by a 137km pipeline for storage and export.

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