Staff Reporter
ISLAMABAD:Mari Energies Limited (PSX: MARI) has secured provisional petroleum exploration rights for ten new onshore blocks across Pakistan following a competitive bidding round held by the Directorate General of Petroleum Concessions (DGPC) on April 30, 2025.According to a filing submitted to the Pakistan Stock Exchange (PSX) on May 14, 2025, MARI has been awarded seven blocks as the sole operator and will participate in three others as a joint venture (JV) partner.The company will collaborate with leading state-owned and private energy firms, including Oil and Gas Development Company Limited (OGDCL), Pakistan Petroleum Limited (PPL), Prime Global Energies Limited, Turkish Petroleum Overseas Company (TPOC), and Government Holdings Private Limited (GHPL).The provisional award is subject to several conditions: issuance of exploration licenses by the government, execution of petroleum concession and joint operating agreements, and completion of other legal and procedural formalities.MARI added that this expansion of exploration acreage shows that it is committed to discovering new hydrocarbon resources in the country.
