Islamabad May 14 2025: Pakistan’s Directorate General of Petroleum Concessions (DGPC), vide its letters dated 13 May, 2025, has communicated the provisional award of Ten (10) new exploration blocks to Mari Energies Limited (MariEnergies).
Out of these, seven blocks are awarded as an Operator and three blocks as a Joint Venture Partner; one each with Oil and Gas Development Company Limited (OGDCL), Pakistan Petroleum Limited (PPL) and Prime Global Energies Limited (Prime) as Operators in respective blocks. Government Holdings Pvt Ltd (GHPL) and Turkish Petroleum Overseas Company (TPOC) are also JV Partners as mentioned below.
These blocks have been awarded after competitive bidding on the basis of work units committed by various E&P Companies in the Pakistan E&P Onshore Bid Round 2025 (30th April 2025) conducted by the DGPC. Details of the awarded blocks along with the working interests are as under:
The formal award of petroleum rights in the aforementioned blocks is conditional: i) Grant of Petroleum Exploration Licenses by the Government ii) Execution of Petroleum Concession Agreements with the Government iii) Execution of Joint Operating Agreements among the respective JV Partners iv) Completion of related legal/procedural formalities
The acquisition of the aforesaid new exploration blocks aligns with our strategic objective of expanding our acreage for adding new hydrocarbon resources for the Company and to support Pakistan’s long-term energy security and self-reliance.
