Petro Matad Limited, operating alongside its subsidiary companies, specializes in the exploration, development, and extraction of oil within Mongolia. The firm maintains complete ownership of its Production Sharing Contract (PSC) blocks in the region. These assets encompass the sizable Ongi Block V, which covers an area of roughly 7,937 square kilometers, and the Matad Block XX, extending over approximately 218 square kilometers. Established in 2007, Petro Matad Limited's primary corporate office is situated in Douglas, United Kingdom.