Pakistan’s top exploration and production (E&P) companies have signed five landmark agreements with the Government of Pakistan, paving the way for significant expansion in offshore and onshore hydrocarbon exploration. The agreements, finalised on December 2, 2025, involve leading industry players including Oil & Gas Development Company Limited (OGDCL), Mari Energies Limited, Pakistan Petroleum Limited (PPL), Turkish Petroleum Oil Company (TPOC), Prime International Oil & Gas, and Government Holdings (Private) Limited (GHPL).
In a notice to the Pakistan Stock Exchange, OGDCL confirmed that three agreements were executed covering one offshore and two onshore blocks. A key highlight is the Deed of Assignment for the Eastern Offshore Indus-C Block, where TPOC will assume operatorship alongside joint venture partners Mari Energies, PPL, and OGDCL.
Mari Energies also signed two Production Sharing Agreements (PSAs) for the Offshore Deep C and Offshore Deep F Blocks, partnering with TPOC and Fatima Petroleum, further strengthening Pakistan’s offshore exploration framework.
Onshore, Petroleum Concession Agreements have been concluded for the Ziarat North Block—operated by Mari Energies with TPOC, PPL, OGDCL, and GHPL—and the Sukhpur-II Block, operated by Prime with TPOC, Mari Energies, and OGDCL as JV partners.
OGDCL said these agreements significantly enhance its exploration portfolio across frontier basins, while Mari Energies reaffirmed its commitment to bolstering Pakistan’s energy security through systematic exploration efforts.
The agreements were signed during the visit of Turkish Energy Minister Alparslan Bayraktar, who stressed the ambition to begin seismic surveys and drilling activities by 2026.
