Petromasila
Oil & Energy - Chicago, Illinois, United States
Petromasila Details
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 Yemen 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 generates electricity for public consumption and currently operates a 75MW gas power plant on Block 10 which supplies electricity to cities and villages in Wadi Hadhramout.PetroMasila has a proven history and expertise in generating power for its own operational purposes, which has enabled it to effectively contribute to developing Yemen's power sector. To that end, PetroMasila was assigned to oversee the construction of a power plant in Aden (264MW capacity).PetroMasila has the necessary capabilities to perform strategic projects in the energy sector in Yemen, as may be required and directed by the Government.
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