Islamabad, May 14, 2025: Mari Energies Limited (PSX: MARI) has achieved a significant milestone by securing provisional exploration rights for ten new onshore petroleum blocks in Pakistan.
The blocks were awarded following a highly competitive bidding process conducted by the Directorate General of Petroleum Concessions (DGPC) on April 30, 2025.
In a filing to the Pakistan Stock Exchange (PSX) on May 14, 2025, MARI confirmed that it had been granted seven blocks as the sole operator and will partner in three others as part of joint ventures (JVs).
This move marks a key step in the company’s strategy to expand its footprint in the country’s oil and gas exploration sector.
As part of its collaboration, Mari Energies will work alongside major players in the energy sector, including the Oil and Gas Development Company Limited (OGDCL), Pakistan Petroleum Limited (PPL), Prime Global Energies Limited, Turkish Petroleum Overseas Company (TPOC), and Government Holdings Private Limited (GHPL).
However, the provisional award is contingent on several formalities, including the issuance of exploration licenses, execution of petroleum concession and joint operating agreements, and completion of other legal procedures.
Exploration Block Details and Working Interests
The allocation of blocks and respective working interests are as follows:
- Ziarat North (Balochistan)
Operator: Mari Energies (33.16%)
JV Partners: OGDCL (24.87%), PPL (24.87%), TPOC (10%), GHPL (7.10%) - Ahmad Wal (Balochistan)
Operator: Mari Energies (60%)
JV Partners: OGDCL (40%) - Padag (Balochistan)
Operator: Mari Energies (100%) - Chagai (Balochistan)
Operator: Mari Energies (100%) - Dalbandin (Balochistan)
Operator: Mari Energies (100%) - Merui (Balochistan)
Operator: Mari Energies (100%) - Merui West (Balochistan)
Operator: Mari Energies (100%) - Kalat South (Balochistan)
Operator: PPL (40%)
JV Partners: OGDCL (30%), Mari Energies (30%) - Khiu-II (Punjab)
Operator: OGDCL (60%)
JV Partner: Mari Energies (40%) - Sukhpur-II (Sindh)
Operator: Prime (25%)
JV Partners: OGDCL (30%), Mari Energies (30%), TPOC (15%)
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Mari Energies expressed its commitment to enhancing its exploration efforts in Pakistan, emphasizing that these newly acquired blocks reflect its determination to uncover new hydrocarbon resources and drive the country’s energy sector forward.
This expansion marks a significant step for Mari Energies as it continues to secure valuable exploration acreage.
As the exploration process unfolds, industry experts are hopeful that these projects will not only strengthen Mari Energies’ position in the sector but also contribute to Pakistan’s energy security.
The collaboration with leading firms, coupled with the company’s expanding exploration portfolio, places Mari Energies in a strong position for the future.
