KARACHI, October 14, 2025: Pakistan Petroleum Limited (PPL) is pleased to announce a major milestone in the farm-out process of the Eastern Offshore Indus Block-C, marking the beginning of a strategic collaboration with Turkish Petroleum Overseas Company (TPOC), a wholly owned subsidiary of Türkiye Petrolleri Anonim Ortaklığı (TPAO), the national oil company of Turkiye.
This partnership is the result of high-level engagements between the governments of Pakistan and Turkiye, aimed at deepening bilateral cooperation in the energy sector and promoting Foreign Direct Investment (FDI) in Pakistan’s offshore exploration activities.
As part of this strategic initiative, and in the spirit of strengthening the brotherly ties between the two nations, PPL has transferred the operatorship of the block to TPOC, subject to regulatory approvals. This step reflects a broader government-level understanding and aims to incorporate international best practices into Pakistan’s offshore exploration operations.
In parallel, PPL engaged Oil & Gas Development Company Limited (OGDCL) and Mari Energies Limited (MariEnergies) in the farm-out process. Both companies conducted thorough due diligence, leading to the successful execution of a farm-out agreement among PPL, TPOC, OGDCL, and MariEnergies.
Under the farm-out agreement, PPL will assign 25 percent Participating Interest (PI) and operatorship to TPOC, and 20 percent PI each to OGDCL and MariEnergies. PPL will retain the remaining 35 percent PI and will continue to play a key role in the block’s development.
This collaboration marks a significant step toward unlocking Pakistan’s offshore hydrocarbon potential and sets the foundation for long-term strategic energy cooperation between Pakistan and Turkiye.
PPL announces Strategic Offshore Partnership with Turkish Petroleum Overseas Company
