Mari Energies awarded 23 new blocks

KARACHI: The Directorate General of Petroleum Concessions (DGPC) awarded twenty-three new offshore exploration blocks to Mari Energies Limited.

According to the notice issued at the PSX website, the Mari Energies would operate on eighteen blocks while on five blocks it will have a joint-venture with other companies.

“We are pleased to inform that the Directorate General of Petroleum Concessions (DGPC), vide its letters dated November 12, 2025, has communicated the provisional award of twenty-three (23) new offshore exploration blocks to Mari Energies Limited (MariEnergies) of which, eighteen (18) blocks are awarded as an Operator and five (05) blocks as a joint venture partner with other E&P Companies, the notice said.

It further said, “the blocks have been awarded after competitive bidding on the basis of work units committed by various E&P Companies in the Pakistan E&P Offshore Bid Round 2025(October) conducted by DGPC.”

“MariEnergies has entered into partnership with Turkish Petroleum Overseas Company Limited (TPOC), Oil and Gas Development Company Limited (OGDCL), Pakistan Petroleum Limited (PPL), Prime Global Energies Limited (Prime), United Energy Pakistan Limited (UEP), Orient Petroleum Inc (OPI) and Fatima Petroleum Company Limited (FPCL), the notice said.

1-Grant of Petroleum Exploration Licenses and execution of Production Sharing Agreements with the Government

2-Execution of Joint Operating Agreements among the respective JV Partners

3-Completion of related legal/procedural formalities

The acquisition of these offshore exploration blocks is a part of Company’s long term strategy where it aims to not only find new hydrocarbon resources but also to largely contribute towards energy security of Pakistan.

The acquired blocks, together with various consortiums, will allow systematic exploration of multiple untested hydrocarbon plays across both the Indus and Makran basins.

About The Author