maatGroup Oil&Gas DMCC (Wott Trading Hub) is the Company of the maat International Group focused in the Oil&Gas Sector.
The objective of oil and gas operations is to find, extract, refine and sell oil and gas, refined products and related products. It requires substantial capital investment and long lead times to find and extract the hydrocarbons in challenging environmental conditions with uncertain outcomes. Exploration, development and production often takes place in joint ventures or joint activities to share the substantial capital costs.
- The outputs often need to be transported significant distances through pipelines and tankers; gas volumes are increasingly liquefed, transported by special carriers and then regasified on arrival at its destination. Gas remains challenging to transport; thus many producers and utilities look for long-term contracts to support the infrastructure required to develop a major field, particularly off-shore.
- The industry is exposed significantly to macroeconomic factors such as commodity prices, currency fluctuations, interest rate risk and political developments. The assessment of commercial viability and technical feasibility to extract hydrocarbons is complex, and includes a number of significant variables.
- The industry can have a significant impact on the environment consequential to its operations and is often obligated to remediate any resulting damage. Despite all of these challenges, taxation of oil and gas extractive activity and the resultant projects is a major source of revenue for many governments.
Governments are also increasingly sophisticated and looking to secure a significant share of any oil and gas produced on their sovereign territory