Overview

• The agreement allocates 35% participating interest to PPL, 25% and operatorship to TPOC, and 20% each to OGDCL and Mari Energies.
• PPL disclosed the executed farm-out in a Pakistan Stock Exchange filing following due diligence by OGDCL and Mari Energies.
• The partners say the consortium is intended to accelerate offshore exploration, deepen Pakistan–Türkiye energy ties, and draw foreign direct investment.
• OGDCL said the transaction supports its offshore strategy, highlighting its seismic capabilities and prior offshore experience.
• Daily Times reported that Mari Energies has engaged Rio Tinto and BHP on mineral exploration, including surveys near Reko Diq and a 5% stake in the Siahkoh project.