HUBC’s joint venture secures exploration rights for 4 onshore blocks

MG News | November 14, 2025 at 11:56 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

November 14, 2025 (MLN): The Hub Power Company Limited (PSX: HUBC)'s joint venture, Prime International Oil and Gas Company Limited (Prime), through its wholly owned subsidiary Prime Global Energies Limited, has been provisionally awarded exploration rights over four onshore blocks.

This was shared by the Company through a notification to the Exchange.

The awards are subject to regulatory approvals and completion of legal and procedural formalities.

Prime will partner with Pakistan Petroleum Limited (PPL), Mari Energies Limited (Mari), and Oil and Gas Development Company Limited (OGDCL) for the exploration.

Prime will act as the operator for Block No. 2465-5 (Sapat Bandar) with a 31% stake, while holding 20% stakes in the remaining three blocks: Block No. 2267-3 (Zarrar), Block No. 2367-6 (Keti Bandar), and Block No. 2466-10 (Bin Qasim South).

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	170,511.86 278.75M	0.98% 1646.82
ALLSHR	103,203.80 682.99M	0.89% 908.76
KSE30	50,839.23 100.13M	1.18% 592.12
KMI30	243,245.60 147.66M	1.61% 3852.07
KMIALLSHR	66,892.15 407.33M	1.15% 757.54
BKTi	47,509.55 28.38M	0.77% 361.93
OGTi	34,789.19 8.38M	1.60% 547.02

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	77,340.00	77,640.00 77,215.00	-90.00 -0.12%
BRENT CRUDE	104.32	109.97 103.50	-3.31 -3.08%
RICHARDS BAY COAL MONTHLY	130.00	0.00 0.00	1.70 1.33%
ROTTERDAM COAL MONTHLY	140.00	0.00 0.00	-0.75 -0.53%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	99.99	104.46 98.48	-2.49 -2.43%
SUGAR #11 WORLD	18.15	18.84 17.93	-0.58 -3.10%