Karachi: Mari Energies Limited has obtained provisional rights for petroleum exploration across ten new blocks, as communicated by the Directorate General of Petroleum Concessions (DGPC) on May 13, 2025. The allocation includes seven blocks where Mari Energies will serve as the operator and three blocks as a joint venture partner in collaboration with other leading energy companies.

The provisional awards were granted following a competitive bidding process during the Pakistan Exploration and Production (E&P) Onshore Bid Round 2025, held on April 30, 2025. Mari Energies secured these blocks as part of its ongoing strategy to expand its hydrocarbon resource base and bolster Pakistan's energy security.

In Balochistan, Mari Energies will operate the Ziarat North block with a 33.16% interest, alongside joint venture partners Oil and Gas Development Company Limited (OGDCL) and Pakistan Petroleum Limited (PPL), each holding a 24.87% stake. Turkish Petroleum Overseas Company (TPOC) and Government Holdings Pvt Ltd (GHPL) are also stakeholders in the block. Additionally, Mari Energies will operate the Ahmad Wal block with a 60% interest, partnering with OGDCL, which holds the remaining 40%.

Mari Energies has full operational control of four blocks—Padag, Chagai, Dalbandin, Merui, and Merui West—in Balochistan, each with a 100% working interest. In the Kalat South block, PPL will serve as the operator with a 40% share, while Mari Energies and OGDCL each hold a 30% interest.

In Punjab, Mari Energies will participate as a joint venture partner in the Khiu-II block, operated by OGDCL, which holds a 60% stake, with Mari Energies controlling the remaining 40%. In Sindh, the Sukhpur-II block will be operated by Prime Global Energies Limited, with Mari Energies holding a 30% interest. OGDCL and TPOC are also stakeholders in this block.

According to information available from the Pakistan Stock Exchange (PSX), the formal award of these petroleum rights is contingent upon the issuance of Petroleum Exploration Licenses, execution of Petroleum Concession Agreements with the government, and completion of Joint Operating Agreements among joint venture partners. The necessary legal and procedural formalities must also be fulfilled.

The acquisition of these exploration blocks underscores Mari Energies' commitment to enhancing its exploration portfolio, contributing to Pakistan's long-term energy self-sufficiency.