PPL Announces Major Offshore Collaboration with Turkish Petroleum Overseas

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.