Karachi: Mari Energies Limited has announced the provisional award of 23 new offshore exploration blocks, following a competitive bidding process orchestrated by the Directorate General of Petroleum Concessions (DGPC). According to information available from the Pakistan Stock Exchange (PSX), the announcement was made on November 13, 2025, and outlines a significant expansion of the company’s exploration activities in both the Indus and Makran offshore basins.
The provisional award, communicated via DGPC’s letters dated November 12, 2025, grants Mari Energies operational rights over 18 blocks and joint venture partnerships in five additional blocks. The competitive bidding, part of the Pakistan E&P Offshore Bid Round 2025 (October), attracted multiple Exploration and Production (E&P) companies, with Mari Energies emerging as a key player.
The awarded blocks involve partnerships with several prominent E&P companies including Turkish Petroleum Overseas Company Limited, Oil and Gas Development Company Limited, Pakistan Petroleum Limited, Prime Global Energies Limited, United Energy Pakistan Limited, Orient Petroleum Inc, and Fatima Petroleum Company Limited. Among the awarded blocks, Mari Energies is the operator for several key sites including the Behr Block and Offshore Deep C, to name a few.
The formal conferral of petroleum rights for these blocks is contingent upon the granting of Petroleum Exploration Licenses and the execution of Production Sharing Agreements with the government. Additionally, the execution of Joint Operating Agreements among joint venture partners and the completion of related legal and procedural formalities are required.
This strategic acquisition aligns with Mari Energies’ long-term objectives to discover new hydrocarbon resources and bolster Pakistan’s energy security. The exploration of these blocks, particularly in collaboration with various consortiums, is expected to facilitate the systematic exploration of untapped hydrocarbon reserves across the Indus and Makran basins.
The PSX has been notified to inform THE certificate holders accordingly, ensuring that stakeholders are apprised of this significant development in the country’s energy sector landscape.