Mari D&PL renewed in Ghotki till 2065
KARACHI: The federal government has approved the renewal of Mari Development and Production Lease located in District Ghotki, Sindh, in favour of Mari Energies Limited, subject to applicable conditions. According to a material information disclosure submitted by the company to the Pakistan Stock Exchange (PSX) on Friday, the company said the lease has been renewed until November 10, 2065, in…
The federal government has approved the renewal of Mari Development and Production Lease (Mari D&PL) in District Ghotki, Sindh, for Mari Energies Limited. Mari Energies, the operator of the lease, holds a 100 percent working interest in the field. The lease has been renewed until November 10, 2065, in line with applicable rules.
This extension will enable Mari Energies to continue its investment in exploration and development activities, thus maintaining and enhancing production from the field. The continued activities are expected to contribute to Pakistan’s food and energy security. The financial terms, expected production levels, additional investment plans, or any changes in lease arrangements have not been disclosed by the company.
Mari Energies Limited, formerly known as Mari Petroleum Company Limited, is a public limited company incorporated in Pakistan in 1984 and is primarily engaged in the exploration, production, and sale of hydrocarbons.
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