Businesses Petromal Overview Upstream

The upstream focuses on oil and gas exploration, field development, and production in the Middle East and North Africa (MENA). Petromal has already established industries linked with important joint venture partners.

Premco: In December 2007, National Holding and Premier Oil Plc executed agreements to form two new Joint Venture companies to pursue the acquisition of upstream oil and gas assets across the Middle East and North Africa, with headquarters strategically located in Abu Dhabi. Premier Oil is a medium size oil and gas exploration & production (E&P) company listed on the London Stock Exchange.

Premco BV was created in May 2008 to identify, acquire, and operate oil and gas assets within the MENA region (excluding the UAE) and Pakistan. In July 2008, Premco Energy Projects was established to pursue E&P opportunities within the UAE.

Petromal manages National Holding's interests in two producing oil fields and five exploration blocks in Egypt and a producing asset in Pakistan.