PAKISTAN
Mari Energies Limited (MariEnergies) has been provisionally awarded 10 new oil and gas exploration blocks by the Directorate General of Petroleum Concessions (DGPC), according to a notification shared with the Pakistan Stock Exchange (PSX) today.
The awards were granted following the Pakistan Onshore Exploration & Production (E&P) Bid Round 2025, held on April 30, 2025, where various E&P companies submitted competitive bids based on committed work units.
Out of the ten awarded blocks, MariEnergies will operate seven blocks independently, while participating as a joint venture (JV) partner in three others. The JV partnerships involve leading industry players such as Oil and Gas Development Company Limited (OGDCL), Pakistan Petroleum Limited (PPL), Prime Global Energies Limited (Prime), Government Holdings (Private) Limited (GHPL), and Turkish Petroleum Overseas Company (TPOC).
Details of the Awarded Blocks:
The formal award of these petroleum rights is subject to the following conditions:
- Issuance of Petroleum Exploration Licenses by the Government
- Signing of Petroleum Concession Agreements
- Execution of Joint Operating Agreements among JV partners
- Completion of other legal and procedural formalities
MariEnergies stated that this strategic expansion aligns with its long-term goal of growing its exploration acreage to unlock new hydrocarbon resources and enhance Pakistan’s energy security and self-sufficiency. – ENGINEERING REVIEW
