This work presents a matrix acidizing formulation which comprises a salt of monochloroacetic acid giving a delayed acidification and a chelating agent to prevent precipitation of a calcium salt. Results of dissolution capacity, core flood test and corrosion inhibition are presented and are compared to performance of 15 wt% emulsified HCl. Dissolution capacity tests were performed in a stirred reactor at atmospheric pressure using equimolar amounts of the crushed limestone and dolomites. Four different chelating agents were added to test the calcium ion sequestering power. Corrosion tests were executed using an autoclave reactor under nitrogen atmosphere at 10 barg. Core flood tests were performed to simulate carbonate matrix stimulation using limestone cores. It was found that the half-life time of the hydrolysis reaction is 77 min at a temperature of 100 °C. Sodium gluconate and the sodium salt of D-glucoheptonic acid were identified to successfully prevent the precipitation of the reaction product calcium glycolate at a temperature of 40 °C. Computed Tomography (CT) scans of the treated cores at optimum injection rate showed a single wormhole formed. At 150 °C an optimum injection rate of 1 ml/min was found which corresponds to a minimum PVBT of 6. In addition, no face dissolution was observed after coreflooding. Furthermore, the corrosion rates of different metallurgies (L80 and J55) were measured which are significantly less than data reported in literature for 15wt% emulsified HCl. The novelty of this formulation is that it slowly releases an organic acid in the well allowing deeper penetration in the formation and sodium gluconate prevents precipitation of the reaction product. The corrosivity of this formulation is relatively low saving maintenance costs to installations and pipe work. The active ingredient in the formulation is a solid, allowing onsite preparation of the acidizing fluid.