In a significant stride toward meeting Pakistan’s energy demands and exploring domestic oil and gas reserves, Mari Energies Limited has entered into a pivotal partnership with Orient Petroleum Inc., securing stakes in three strategic hydrocarbon exploration blocks. The company formally notified the Pakistan Stock Exchange (PSX) of this development, highlighting its commitment to enhancing Pakistan’s energy security.

According to the official disclosure, Mari Energies has acquired a 45% working interest and operatorship in the Marwat Block, located in Khyber Pakhtunkhwa, a region with significant potential for hydrocarbon exploration. Similarly, the company has secured a 45% working interest and operatorship in the Harnai South Block in Balochistan, a move expected to boost energy-related activities in the province. Additionally, Mari Energies has obtained a 20% non-operating working interest in the Ratana Development and Production (D&P) Lease in Punjab, allowing the company to participate in the project without directly overseeing operations.

Mari Energies emphasized that the implementation of these agreements is contingent upon fulfilling regulatory requirements, obtaining government approvals, and completing necessary documentation, including the execution of deeds of assignment with the Government of Pakistan. These formalities are critical to ensuring the smooth progression of the partnership.

This strategic acquisition aligns with Mari Energies’ broader vision to strengthen Pakistan’s energy ecosystem by expanding its upstream portfolio and promoting the exploration and development of indigenous hydrocarbon resources. The company, already a key player in Pakistan’s energy sector with a 29% market share in natural gas production and operations at the country’s largest gas reservoir in Mari Gas Field, Daharki, Sindh, views this partnership as a vital step toward reducing reliance on imported energy and enhancing national energy security.

The Marwat and Harnai South blocks are located in regions known for their geological potential, and Mari Energies’ role as operator positions it to leverage its exploration expertise, which boasts a 70% success rate—far exceeding national and international industry averages. The Ratana D&P Lease, while a non-operating interest, further diversifies Mari Energies’ portfolio, reinforcing its presence across Pakistan’s key hydrocarbon-producing regions.

This partnership with Orient Petroleum is expected to catalyze further exploration activities, create economic opportunities, and contribute to Pakistan’s energy self-sufficiency.