Pakistan Petroleum wins two new exploration blocks

MG News | May 14, 2025 at 11:51 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

May 14, 2025 (MLN): Pakistan Petroleum Limited (PSX: PPL) has been provisionally awarded two new hydrocarbon exploration blocks Kalat South and Ziarat North following its participation in the competitive bidding round held by the Government of Pakistan on April 30, 2025.

The details of the awarded blocks and their joint venture partners are as follows:

Block Name	JV Partners	Working Interest
Kalat South (2865-5)	(i) Pakistan Petroleum Limited (Operator)	40%
	(ii) Mari Energies Limited	30%
	(iii) Oil and Gas Development Company Limited	30%
Ziarat North (2966-3)	(i) Pakistan Petroleum Limited	24.87%
	(ii) Government Holdings Private Limited	7.10%
	(iii) Mari Energies Limited (Operator)	33.16%
	(iv) Oil and Gas Development Company Limited	24.87%
	(v) Turkish Petroleum Overseas Company	10%

These awards are subject to the formal execution of Petroleum Concession Agreements (PCAs), grant of Exploration Licenses, execution of Joint Operating Agreements among the respective joint venture partners, and completion of all related legal, regulatory, and procedural formalities.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	171,021.20 228.53M	-0.42% -718.25
ALLSHR	103,836.39 572.65M	-0.41% -422.85
KSE30	50,951.99 89.47M	-0.52% -264.77
KMI30	240,633.87 93.99M	-0.31% -756.80
KMIALLSHR	66,572.75 300.61M	-0.28% -185.59
BKTi	48,673.23 31.18M	-0.70% -343.86
OGTi	33,702.25 6.35M	-0.61% -205.57

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,510.00	64,550.00 63,875.00	295.00 0.46%
BRENT CRUDE	98.70	101.19 95.13	-1.99 -1.98%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-1.55 -1.44%
ROTTERDAM COAL MONTHLY	121.10	121.10 121.10	0.70 0.58%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	90.47	0.00 0.00	1.16 1.30%
SUGAR #11 WORLD	14.76	14.79 14.54	0.07 0.48%