Mari Energies Limited (PSX: MARI) has been provisionally awarded petroleum exploration rights for ten new onshore blocks across Pakistan, following a competitive bidding round conducted by the Directorate General of Petroleum Concessions (DGPC) on April 30, 2025.
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In a stock exchange filing dated May 14, 2025, MARI confirmed that it will operate seven of the awarded blocks independently and participate as a joint venture (JV) partner in three others. The company will collaborate with major energy players, 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 award is subject to several conditions, including the issuance of exploration licenses by the government, the execution of petroleum concession and joint operating agreements, and completion of other regulatory formalities.
The block-wise allocations and working interests are as follows:
Ziarat North (Balochistan) – Mari Energies (33.16%), OGDCL (24.87%), PPL (24.87%), TPOC (10%), GHPL (7.10%)
Ahmad Wal (Balochistan) – Mari Energies (60%), OGDCL (40%)
Padag, Chagai, Dalbandin, Merui, Merui West (Balochistan) – Mari Energies (100%)
Kalat South (Balochistan) – PPL (40%), OGDCL (30%), Mari Energies (30%)
Khiu-II (Punjab) – OGDCL (60%), Mari Energies (40%)
Sukhpur-II (Sindh) – Prime (25%), OGDCL (30%), Mari Energies (30%), TPOC (15%)Mari Energies stated that this expansion reflects its ongoing commitment to unlocking new hydrocarbon resources and contributing to Pakistan’s energy security.
