PPL transfers operatorship of Indus Block C to TPOC

Hayyan Mansuri | December 03, 2025 at 10:20 AM GMT+05:00

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December 03, 2025 (MLN): Pakistan Petroleum Limited (PSX: PPL) has executed an Assignment Agreement transferring operatorship of the Eastern Offshore Indus Block C to Turkish Petroleum Overseas Company (TPOC), according to the company's filing on PSX, revealed today.

This marks what the company describes as a significant step forward in Pakistan–Türkiye energy cooperation.

The agreement follows a strategic offshore partnership framework established on 14 October 2025.

Under the structure, PPL has assigned a 25% Participating Interest (PI) and operatorship to TPOC, while Oil & Gas Development Company Limited (PSX: OGDCL) and MariEnergies (PSX: MARI) will each receive a 20% PI.

PPL will retain the remaining 35% stake and continue contributing to the block’s development.

The collaboration is positioned as an important milestone for Pakistan’s offshore exploration ambitions, with the potential to unlock substantial hydrocarbon resources.

It also strengthens the long-term strategic energy alliance between Pakistan and Türkiye, particularly in the high-risk, high-reward deep-sea exploration domain.

At the time of writing, the share of PPL is being traded at Rs. 208.49, up Rs0.25 or 0.12%.

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