PML 79 · Onshore
PPL 211 · Coastal swamp
PPL 207 · Coastal swamp
Matrix Energy Exploration and Production Company Limited (Matrix E&P) is the upstream exploration and production subsidiary of Matrix Energy Group, established to build a competitive portfolio of oil and gas assets across Nigeria.
Matrix E&P's portfolio spans exploration, field development and production, with participating interests in Apani (PML 79), Atamba (PPL 211), Igbomotoru (PPL 207) and OPL 2010. The Company's strategy is focused on accelerating asset development, deploying fit-for-purpose infrastructure and maximising the commercial value of oil and gas production.
Matrix E&P operates OPL 2010 directly and its other assets through dedicated Special Purpose Vehicles (SPVs). Matrix E&P finances and operates PML 79, PPL 211 and OPL 2010 under these entities.
Apani — PML 79Onshore field with an installed EPF, gas plant and CNG compression, commissioning towards production.
Atamba — PPL 211Coastal-swamp field in active development, drilled with MEOSL’s in-house rig.
Igbomotoru — PPL 207Coastal-swamp field in well-test production, with drilling planned to reach about 8,000 bopd.
OPL 2010Shallow-offshore exploration block, operated by Matrix E&P, with 368 km² of new 3D seismic.Participating interests
Matrix E&P operates OPL 2010 directly and its other assets through dedicated Special Purpose Vehicles (SPVs). Matrix E&P finances and operates PML 79, PPL 211 and OPL 2010 under these entities.
| Licence | Field | Entity | Interest |
|---|---|---|---|
| PML 79 | Apani → | Apani Energy Limited (AEL) | 100% |
| PPL 211 | Atamba → | Atamba Exploration and Production Limited (AEPL) | 90% |
| PPL 207 | Igbomotoru → | BAP Energy Limited (BAP) | 25.76% |
| OPL 2010 | OPL 2010 → | Matrix Energy Exploration and Production Company Limited (Matrix E&P) | 60% |
In-house drilling
Matrix Energy Operations Services Limited
The Company has developed complementary oilfield service capabilities through Matrix Energy Operations Services Limited (MEOSL). MEOSL owns a 2,000 HP, 10,000-psi land rig, providing drilling capability for Matrix E&P's development programme and selected third-party operations.
Gas monetisation
Gas offtake built into every plan
Across the portfolio, Matrix E&P is pursuing an integrated approach to gas monetisation, with gas offtake and utilisation solutions incorporated into its field development plans. The Company is committed to minimising routine gas flaring and maximising the commercial value of produced gas.
Building towards the next phase of growth
Matrix E&P is building an integrated upstream business supported by a growing portfolio of producing, development and exploration assets, in-house drilling capability, and established infrastructure and commercial pathways for oil and gas monetisation.
The Company's approach is centred on responsible resource development, efficient operations, gas monetisation and long-term value creation across its upstream portfolio.
Oil production targeted within five years
Gas production targeted within five years