Karachi: Pakistan Petroleum Limited (PPL) has secured regulatory approval for a Development and Production Lease over the Adhi Field, a significant oil and gas site spanning 212.86 square kilometers in the districts of Rawalpindi and Chakwal in the Punjab Province. The lease has been granted to the Adhi Joint Venture, which includes PPL as the operator with a 39% working interest, alongside Oil and Gas Development Company Limited (OGDCL) holding 50% and Pakistan Oilfields Limited (POL) with an 11% interest.

The announcement, dated July 1, 2026, confirms that the lease is effective for a duration of twelve years beginning November 13, 2024. This development aligns with Rule 30-A of the Pakistan Onshore Petroleum (Exploration and Production) Rules, 2013, and adheres to the stipulated terms and conditions. According to information available from the Pakistan Stock Exchange (PSX), the disclosure was made in compliance with Section 96 of the Securities Act, 2015 and Clause 5.6.1 of the Pakistan Stock Exchange Limited Regulations.

This approval marks a strategic advancement for the Adhi Joint Venture, as it continues to leverage the resources within the designated market category to optimize production and developmental activities in the region.