ISLAMABAD – Mari Energies Limited (MariEnergies) announced that it received provisional award of 23 new offshore exploration blocks from the Directorate General of Petroleum Concessions (DGPC).
In disclosure to Pakistan Stock Exchange, Mari Energies said eighteen (18) blocks will be operated by them, while the remaining five (5) blocks will be operated as joint ventures with other exploration and production (E&P) companies.
The award comes after a competitive bidding process during the Pakistan E&P Offshore Bid Round 2025 (October), based on work units committed by participating companies. The oil giant partnered with several domestic and international firms, including Turkish Petroleum Overseas Company Limited (TPOC), Oil and Gas Development Company Limited (OGDCL), Pakistan Petroleum Limited (PPL), Prime Global Energies Limited (Prime), United Energy Pakistan Limited (UEP), Orient Petroleum Inc (OPI), and Fatima Petroleum Company Limited (FPCL).
Indus Offshore
MariEnergies will operate several blocks with working interests ranging from 40% to 70%, alongside partners such as OGDCL, PPL, Prime, TPOC, UEP, OPI, and Fatima Petroleum.
Makran Offshore
MariEnergies will operate ten ultra-deep blocks (Makran Offshore Ultra Deep I to X) with 100% working interest, demonstrating a strategic push into deepwater exploration.
Other notable joint ventures include Binn Qasim South and Keti Bandar blocks, where MariEnergies holds a 24–30% working interest alongside partners.
MariEnergies stressed that these acquisitions are part of its long-term strategy to explore new hydrocarbon resources and contribute to Pakistan’s energy security. The awarded blocks, along with various consortium partnerships, will enable systematic exploration across largely untested hydrocarbon plays in both the Indus and Makran basins.
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