Karachi: The Oil & Gas Development Company Limited (OGDCL) has announced the signing of three significant agreements as part of its collaboration with key international and local partners. The agreements, executed on December 2, 2025, involve one offshore and two onshore exploration blocks. This initiative is in partnership with Turkish Petroleum Oil Company (TPOC), Mari Energies Limited (Mari), Pakistan Petroleum Limited (PPL), Prime International Oil & Gas Company Limited (Prime), and Government Holdings (Private) Limited (GHPL).

The first agreement covers the Eastern Offshore Indus-C Block, where TPOC holds a 25% participating interest as the operator. OGDCL, alongside PPL and Mari Energies, holds interests of 20%, 35%, and 20%, respectively. In the Ziarat North Block onshore project, Mari Energies leads with a 33.16% stake, partnered by OGDCL and PPL, each with a 24.87% interest, TPOC with 10%, and GHPL with 7.10%. The third agreement pertains to the Sukhpur-II Block, another onshore venture, where Prime operates with a 25% interest, while OGDCL and Mari Energies each hold a 30% stake, and TPOC has a 15% interest.

According to information available from the Pakistan Stock Exchange (PSX), these agreements represent a strategic enhancement of OGDCL’s exploration capabilities, emphasizing both offshore and onshore domains. The partnerships aim to strengthen OGDCL’s long-term growth prospects by engaging in blocks with substantial potential.

The disclosure of these agreements complies with Section 96 of the Securities Act, 2015, and Clause 5.6.1(a) of the PSX Regulations, ensuring transparency and dissemination of information among stakeholders.