Pakistan Petroleum Limited (PPL) has announced a major strategic partnership with Turkish Petroleum Overseas Company (TPOC), a subsidiary of Türkiye’s national oil company, marking a significant milestone in Pakistan’s offshore energy sector.
According to an official notice sent to the Pakistan Stock Exchange on October 14, 2025, PPL has transferred the operatorship of the Eastern Offshore Indus C Block to TPOC, pending regulatory approvals.
This move is the result of high-level engagements between the governments of Pakistan and Türkiye, aimed at deepening bilateral energy cooperation and attracting foreign direct investment into Pakistan’s offshore exploration activities.
The agreement is part of a broader initiative to strengthen ties between the two countries and bring international best practices to Pakistan’s offshore oil and gas operations. Alongside TPOC, Oil & Gas Development Company Limited (OGDCL) and Mari Energies Limited (MariEnergies) have also joined the project after a thorough due diligence process.
Under the terms of the farm-out agreement, PPL will assign a 25% participating interest and operatorship to TPOC, while OGDCL and MariEnergies will each receive a 20% stake. PPL will retain a 35% interest and continue to play a key role in the block’s development.
This collaboration is expected to unlock Pakistan’s offshore hydrocarbon potential and lay the groundwork for long-term strategic energy cooperation between Pakistan and Türkiye.
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Mari petroleum is government owned.
PPL is government owned
OGDCL is government owned.
In a transparent manner can government inform public what target each organization is given for a specific period of time in a specific area to did oil and gas wells?
Does the government controlled company met the targets or not and what are the gaps?
What income generated from all these government/ public controlled companies and is it reflected in our national income at budget time?
Does the messed up things in SNGPL and SSGPL is bcz of state control without any accountability?
This whole sector is under control of public servents as government that is the reason we are more interested in imports that exploring our own soil?
Does this poor performance in exploration sector shows the following trend of state controlled PIA and steel mills and etc etc?
what steps government is taking to use its own engineers technician scientist and labours to explore local potential and to avert previous practice of willful ignorance and incompitance in exploration sector?
Alhamdolilah