Mari Energies Limited (PSX: MARI) has clinched provisional petroleum exploration rights for ten new onshore blocks throughout Pakistan, following a competitive bidding process conducted by the Directorate General of Petroleum Concessions (DGPC) on April 30, 2025.
According to a filing with the Pakistan Stock Exchange (PSX) dated May 14, 2025, Mari Energies will serve as the sole operator for seven of these blocks, while participating as a joint venture (JV) partner in three others. The company will collaborate with a roster of prominent state-owned and private energy firms, including 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).
The provisional awards are contingent upon several conditions, including the issuance of exploration licenses by the government, execution of petroleum concession and joint operating agreements, and the completion of other legal and procedural requirements.
Block-wise Allocation and Working Interests:
- Ziarat North, Balochistan: Mari Energies (33.16% operator), with OGDCL (24.87%), PPL (24.87%), TPOC (10%), and GHPL (7.10%) as JV partners.
- Ahmad Wal, Balochistan: Mari Energies (60% operator), OGDCL (40%).
- Padag, Chagai, Dalbandin, Merui, Merui West (all in Balochistan): Mari Energies holds 100% working interest as sole operator.
- Kalat South, Balochistan: PPL (40% operator), with OGDCL (30%) and Mari Energies (30%) as partners.
- Khiu-II, Punjab: OGDCL (60% operator), Mari Energies (40%).
- Sukhpur-II, Sindh: Prime Global Energies (25% operator), with OGDCL (30%), Mari Energies (30%), and TPOC (15%) as partners.
Mari Energies stated that this significant expansion of its exploration acreage underscores the company’s commitment to discovering new hydrocarbon resources in Pakistan. The move is expected to strengthen the country’s energy sector and foster further collaboration among leading industry players.
