PAKISTAN
Pakistan Petroleum Limited (PPL) has announced the execution of the Assignment Agreement for the Eastern Offshore Indus Block C, marking a significant step forward in Pakistan–Türkiye energy cooperation.
According to the disclosure submitted to the Pakistan Stock Exchange (PSX), PPL has transferred 25% Participating Interest (PI) along with operatorship to Turkish Petroleum Overseas Company (TPOC). Additionally, Oil & Gas Development Company Limited (OGDCL) and MariEnergies have each been assigned 20% PI.
PPL will retain the remaining 35% PI, ensuring its continued central role in the development and operational progress of the offshore block.
The new ownership structure reflects a strengthened multinational partnership aimed at unlocking Pakistan’s largely untapped offshore hydrocarbon potential. The collaboration also reinforces the long-term strategic energy relationship between Pakistan and Türkiye, particularly in offshore exploration and technology sharing.
PPL noted that the agreement marks “a new era of energy cooperation,” with the consortium expected to accelerate exploration activities in the Eastern Indus offshore region. – ER News Desk
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