Fatima Fertilizer subsidiary wins offshore exploration stakes

MG News | November 14, 2025 at 03:21 PM GMT+05:00

0:00

November 14, 2025 (MLN): Fatima Petroleum Company Limited (FPCL), a wholly owned subsidiary of Fatima Fertilizer Company Limited (PSX: FATIMA), received a provisional award of participation interests in two offshore exploration blocks granted by the Directorate General of Petroleum Concessions (DGPC).

The blocks Offshore Deep C (2366-10) and Offshore Deep F (2366-12) are located in the Indus Offshore Basin. Under the awarded structure, FPCL will hold a 15% participation interest in each block, while TPOC will also hold 15%. Mari Energies takes the lead as operator with a 70% participation interest.

Block-wise details:

Sr No.

Block Name

Basin

FPCL (Participation Interest)

TPOC (Participation Interest)

Mari Energies (Operator/Participation Interest)

Offshore Deep C (2366-10)

Indus Offshore

15%

70%

Offshore Deep F (2366-12)

Indus Offshore

15%

70%

According to the company communication, further steps involving execution of requisite agreements and regulatory formalities will follow in due course.

The development marks a significant expansion of FPCL’s footprint into offshore exploration, potentially opening new avenues for upstream energy activity in Pakistan’s maritime region.

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