Mari Petroleum Company Limited (PSX: MPCL) has signed agreements today (February 07, 2024) for the acquisition of 40 percent working interest in Zarghun South D&PL and 27.55 percent working interest in Nareli Block from Spud Energy Pty Limited (SEPL), it informed the main bourse on Wednesday.
In a stock filing, MPCL said the acquisitions are subject to requisite regulatory approvals and completion of related formalities.
SEPL is a wholly owned subsidiary of Jura Energy Corporation an international independent upstream Oil & Gas Company, listed on the Toronto Stock Exchange (TSX) under the symbol JEC. The Company has a balanced portfolio of nine producing, development, and exploration assets spread over various basins in Pakistan.
MPCL is principally engaged in the exploration, production and sale of hydrocarbons.
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There is a need to accelerate efforts for the enhancement of activties to explore hyderocorbons in the country to save the capital of Pakistan which bieng incurred billions of dollars to import oil .
MPCL team great job done.