Karachi: Mari Energies Limited has announced the signing of agreements for three offshore and two onshore exploration blocks, marking a significant milestone in Pakistan’s energy sector. The disclosure, dated December 3, 2025, outlines the collaboration with several prominent companies, including Turkish Petroleum Overseas Company (TPOC), Oil & Gas Development Company Limited (OGDCL), and Pakistan Petroleum Limited (PPL).

The agreements were executed on December 2, 2025, with the Government of Pakistan, covering strategic exploration blocks. Mari Energies Limited, in partnership with TPOC, Fatima Petroleum, and others, will operate under various agreements, such as the Deed of Assignment for Eastern Offshore Indus-C and production sharing agreements for Offshore Deep C and F Blocks. These initiatives are aimed at bolstering the nation’s energy security.

According to information available from the Pakistan Stock Exchange (PSX), the agreements align with the regulatory framework, adhering to the Securities Act, 2025, and PSX Regulation standards. The ventures encompass a range of joint venture partnerships, showcasing a collaborative approach in the field of energy exploration.

The Petroleum Concession Agreements for the Ziarat North Block and Sukhpur-II Block further illustrate Mari Energies’ commitment to systematic exploration. These efforts are poised to enhance domestic exploration activities, contributing to a sustainable energy future for Pakistan.

The developments are set to have a profound impact on the country’s market category, potentially influencing energy dynamics and fostering growth within the industry. Certificate holders and stakeholders have been duly informed, as the agreements represent a pivotal advancement in Pakistan’s exploration landscape.