Upstream oil & gas

Oil is Mercuria’s main traded product. Our portfolio of assets provides valuable insights into marketplace dynamics.

Mercuria has consistently invested in upstream oil and gas assets around the world. In an ever-changing and volatile marketplace, our assets provide access to physical commodities that complement our trading activities.

Talaria Oil & Gas


Joint Venture with an experienced operator – The Investment Company II LLCFocused on developing proven oil and gas Buda formation in Gonzales County, TexasUtilization of Under Balanced Drilling technique (“UBD”) for superior recoveries

North Dakota Holdings

North Dakota

North Dakota Holdings is a joint venture with North Plains Energy, an independent oil and gas company focusing on shale oil resources in North DakotaNorth Plains Energy has extensive local knowledge regarding unconventional shale oil exploration in the BakkenThe Bakken is an established oil shale play that has gained significant industry attention and momentum

San Enrique

Tierra del Fuego and Mendoza

Mercuria acquired San Enrique in 2011San Enrique is an oil and gas producing company, with its main interest in the Tierra del Fuego province San Enrique holds non-operating working interests in Tierra del Fuego and Mendoza Argentina



PETSA is an independent oil and gas operating company, fully owned by Mercuria and operated by an experienced team with PETSAFocused on the exploration and development of underexplored and underdeveloped landCurrently producing oil for domestic sales


Santa Cruz

Glacco has a majority stake in a joint venture with RochThe fields are producing oil and gas and have a significant amount of undeveloped reserves and resources in the Austral basin The partner, Roch, is a highly experienced Argentinian operator



Mercuria has acquired about 8% of Andes, an Argentinian E&P companyAndes is listed on AIM in LondonThe company has a diverse portfolio of assets in prolific producing sites in Argentina.Andes owns approximately 26% of Oslo-listed Interoil Exploration & Production which has several E&P assets in Columbia


Equatorial Guinea

STARC is an oil and gas exploration companySTARC is in partnership with the government and other oil and gas partners to develop a block located in the Douala Basin



Mercuria owns 4.39% of SEPLAT Petroleum Development CompanySEPLAT is an independent oil and gas exploration and production company operating in and focused on NigeriaSEPLAT's production is currently 40,000 boe per daySEPLAT is listed on LSE and NSE



Equity investment in the largest and oldest independent oil and gas producer in RomaniaAmromco currently operates over 25 concessions throughout Romania and is focused on resource and production growth in Eastern EuropeJoint venture partnership with First Reserve - the largest global private equity firm exclusively focused on energy