Mari Energies Secures Rights to Explore 10 New Oil & Gas Blocks Across Pakistan
Mari Energies Limited (PSX: MARI) has announced a significant expansion in its exploration portfolio, having secured provisional petroleum exploration rights for 10 new onshore blocks across Pakistan. The announcement follows a competitive bidding round conducted by the Directorate General of Petroleum Concessions (DGPC) on April 30, 2025.
According to the company’s filing with the Pakistan Stock Exchange (PSX) on May 14, 2025, MARI will serve as the sole operator for seven blocks and as a joint venture (JV) partner in three others, in collaboration with some of the country’s and region’s top energy firms.
Key JV Partners Include:
- Oil and Gas Development Company Limited (OGDCL)
- Pakistan Petroleum Limited (PPL)
- Prime Global Energies Limited
- Turkish Petroleum Overseas Company (TPOC)
- Government Holdings Private Limited (GHPL)
Block-Wise Allocation and Interests:
| Sr. | Block Name | Province | Operator (WI) | JV Partners (WI) |
|---|---|---|---|---|
| 1 | Ziarat North | Balochistan | Mari Energies (33.16%) | OGDCL (24.87%), PPL (24.87%), TPOC (10%), GHPL (7.10%) |
| 2 | Ahmad Wal | Balochistan | Mari Energies (60%) | OGDCL (40%) |
| 3 | Padag | Balochistan | Mari Energies (100%) | — |
| 4 | Chagai | Balochistan | Mari Energies (100%) | — |
| 5 | Dalbandin | Balochistan | Mari Energies (100%) | — |
| 6 | Merui | Balochistan | Mari Energies (100%) | — |
| 7 | Merui West | Balochistan | Mari Energies (100%) | — |
| 8 | Kalat South | Balochistan | PPL (40%) | OGDCL (30%), Mari Energies (30%) |
| 9 | Khiu-II | Punjab | OGDCL (60%) | Mari Energies (40%) |
| 10 | Sukhpur-II | Sindh | Prime (25%) | OGDCL (30%), Mari Energies (30%), TPOC (15%) |
Conditions for Final Award:
The provisional award is subject to:
- Issuance of exploration licenses by the government.
- Signing of petroleum concession and joint operating agreements.
- Completion of all legal and procedural requirements.
Strategic Importance
This strategic expansion, especially across resource-rich Balochistan, reflects Mari Energies’ commitment to increasing indigenous hydrocarbon production, which is vital for Pakistan’s energy security. It also underlines the firm’s focus on collaborative exploration efforts to unlock untapped potential.
“The addition of these blocks highlights Mari’s long-term vision to contribute to Pakistan’s energy self-sufficiency,” the company stated.
Stay tuned for further updates as formal agreements and exploration activities progress.
