To become a leading national energy company and enhance our role in supporting Yemen’s economy and overall development.
PetroMasila’s mission is to efficiently and professionally optimize production from its oil blocks while expanding activities and operations to further develop the oil, gas, and energy sectors and enhance their role in supporting the national economy and development process in Yemen, while upholding PetroMasila’s strict commitment to applying internationally accepted operating practices, and health, safety, environment, social responsibility, and business integrity standards.
PetroMasila adheres to the government of Yemen’s strategy for the development of the energy industry in Yemen. In this context, PetroMasila is working to achieve the following strategic goals:
- To continuously develop PetroMasila’s corporate and operational systems and utilize modern and innovative techniques and technologies proven in the global energy industry;
- To conduct exploration activities for prospective reservoirs on its blocks in order to sustain production and ensure its continuity in the future;
- To utilize the gas associated with oil in generation of power and assess the feasibility of LPG for local consumption;
- To expand the company’s activities into new blocks to achieve further growth and value creation;
- To implement strategic projects in the power generation sector as required and directed by the State;
- To collaborate with regional, national, and international companies in the energy industry to successfully implement such strategic goals.