November 13, 2025 (MLN): Mari Energies Limited (PSX:MARI) has been provisionally awarded 23 new offshore exploration blocks by Pakistan's Directorate General of Petroleum Concessions (DGPC), marking a significant expansion of the company's exploration portfolio.
The blocks were awarded following competitive bidding in the Pakistan E&P Offshore Bid Round 2025 (October), with Mari Energies securing 18 blocks as operator and 5 as a joint venture partner, according to the company's statement issued today.
Mari Energies has formed partnerships with several major energy companies for this venture, including Oil and Gas Development Company Limited (OGDCL), Pakistan Petroleum Limited (PPL), Turkish Petroleum Overseas Company Limited (TPOC), Prime Global Energies Limited (PRIME), United Energy Pakistan Limited (UEP), Orient Petroleum Inc (OPI), and Fatima Petroleum Company Limited (FCPL).
|
S# |
Block Name |
Basin |
Operator (Working Interest) |
JV Partners (Working Interests) |
|
1 |
Binn Qasim South (2466-10) |
Indus Offshore |
OGDCL (32%) |
MariEneriges (24%), PPL (24%), Prime (20%) |
|
2 |
Kochi Creek (2366-8) |
Indus Offshore |
PPL (40%) |
MariEneriges (30%), OGDCL (30%) |
|
3 |
Keti Bandar (2367-6) |
Indus Offshore |
OGDCL (32%) |
PPL (24%), MariEneriges (24%), Prime (20%) |
|
4 |
Behr Block (2366-9) |
Indus Offshore |
MariEneriges (40%) |
OGDCL (30%), PPL (30%) |
|
5 |
Zarrar Block (2267-3) |
Indus Offshore |
MariEneriges (32%) |
PPL (24%), OGDCL (24%), Prime (20%) |
|
6 |
Gharo Creek (2466-9) |
Indus Offshore |
PPL (40%) |
MariEneriges (30%), OGDCL (30%) |
|
7 |
Offshore Deep A (2266-14) |
Indus Offshore |
MariEneriges (60%) |
UEP (30%), OPI (10%) |
|
8 |
Offshore Deep C (2366-10) |
Indus Offshore |
MariEneriges (70%) |
TPOC (15%), Fatima (15%) |
|
9 |
Offshore Deep D (2366-11) |
Indus Offshore |
MariEneriges (40%) |
OGDCL (30%), PPL (30%) |
|
10 |
Offshore Ultra Deep B (2266-13) |
Indus Offshore |
MariEneriges (60%) |
UEP (30%), OPI (10%) |
|
11 |
Offshore Deep E (2266-15) |
Indus Offshore |
MariEneriges (60%) |
UEP (30%), OPI (10%) |
|
12 |
Offshore Deep F (2366-12) |
Indus Offshore |
MariEneriges (70%) |
TPOC (15%), Fatima (15%) |
|
13 |
Sapat Bandar (2465-5) |
Makran Offshore |
Prime (31%) |
MariEneriges (23%), OGDCL (23%), PPL (23%) |
|
14 |
Makran Offshore Ultra Deep-I (2462-3) |
Makran Offshore |
MariEneriges (100%) |
- |
|
15 |
Makran Offshore Ultra Deep-II (2362-2) |
Makran Offshore |
MariEneriges (100%) |
- |
|
16 |
Makran Offshore Ultra Deep-III (2463-1) |
Makran Offshore |
MariEneriges (100%) |
- |
|
17 |
Makran Offshore Ultra Deep-IV (2362-1) |
Makran Offshore |
MariEneriges (100%) |
- |
|
18 |
Makran Offshore Ultra Deep-V (2363-1) |
Makran Offshore |
MariEneriges (100%) |
- |
|
19 |
Makran Offshore Ultra Deep-VI (2361-2) |
Makran Offshore |
MariEneriges (100%) |
- |
|
20 |
Makran Offshore Ultra Deep-VII (2362-4) |
Makran Offshore |
MariEneriges (100%) |
- |
|
21 |
Makran Offshore Ultra Deep-VIII (2362-3) |
Makran Offshore |
MariEneriges (100%) |
- |
|
22 |
Makran Offshore Ultra Deep-IX (2462-4) |
Makran Offshore |
MariEneriges (100%) |
- |
|
23 |
Makran Offshore Ultra Deep-X (2361-1) |
Makran Offshore |
MariEneriges (100%) |
- |
The formal award of petroleum rights in the aforementioned blocks is conditional to the following for each of the blocks: Grant of Petroleum Exploration Licenses and execution of Production Sharing Agreements with the Government, Execution of Joint Operating Agreements among the respective JV Partners, 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.