Mari Energies signs 5 agreements for onshore, offshore exploration blocks

Nilam Bano | December 03, 2025 at 10:12 AM GMT+05:00

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December 03, 2025 (MLN): Mari Energies Limited (PSX: MARI) has signed five agreements for three offshore and two onshore exploration blocks in Pakistan.

The agreements were executed on 2nd December 2025 with the Government of Pakistan, according to the Company's filing on PSX, revealed today.

The deals involve partnerships with Turkish Petroleum Overseas Company (TPOC), Oil & Gas Development Company Limited (OGDCL), Pakistan Petroleum Limited (PPL), Prime International Oil & Gas Company Limited (Prime), Government Holdings (Private) Limited (GHPL), and Fatima Petroleum (Private) Limited.

Mari Energies stated that these agreements are an important step toward expanding domestic exploration.

The company reaffirmed its commitment to Pakistan’s energy security through disciplined exploration across onshore and offshore basins.

Details of Agreements:

	Agreement Type	Block Name	Operator	Joint Venture Partners (JVPs)
1	Deed of Assignment	Eastern Offshore Indus-C	TPOC	Mari Energies, PPL, OGDCL
2	Production Sharing Agreement	Offshore Deep C Block	Mari Energies	TPOC, Fatima Petroleum
3	Production Sharing Agreement	Offshore Deep F Block	Mari Energies	TPOC, Fatima Petroleum
4	Petroleum Concession Agreement	Ziarat North Block	Mari Energies	TPOC, PPL, OGDCL, GHPL
5	Petroleum Concession Agreement	Sukhpur-II Block	Prime	TPOC, Mari Energies, OGDCL

These agreements could boost Pakistan’s domestic oil and gas production over the coming years.

Mari Energies and its partners now have the legal framework to begin exploration and development activities in the awarded blocks.

The deals strengthen collaboration between local and international companies in Pakistan’s energy sector.

Mari Energies continues to focus on structured and systematic exploration, aiming to support the long-term energy needs of the country.

At the time of writing, Mari Energies Limited (PSX: MARI) shares were trading at Rs.709, down Rs.1.36 or 0.19%.

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