Turkish vessel to arrive in Karachi between Nov 17-20 to begin offshore oil, gas exploration
ISLAMABAD: A Turkish seismic vessel will arrive in Karachi between November 17 and 20 to begin offshore oil and gas exploration, the Petroleum Division said on Friday. The announcement followed a meeting between Petroleum Minister Ali Pervaiz Malik and relevant agencies to review preparations and arrangements for the arrival of the seismic vessel of Turkish Petroleum Offshore Company (TPOC) in…
A Turkish seismic vessel is set to arrive in Karachi between November 17 and 20 to commence offshore oil and gas exploration in Pakistan, according to the Petroleum Division. This marks the revival of Pakistan's offshore exploration efforts after nearly two decades, following unsuccessful attempts since 2006. The vessel, operated by Turkish Petroleum Offshore Company (TPOC) - a subsidiary of Turkish Petroleum Corporation - has secured agreements with local state-owned enterprises OGDCL, Mari Energies, and PPL for three blocks in Pakistan's Indus and Makran offshore regions.
TPOC holds a 25% interest and operatorship in the Eastern Offshore Indus-C block, while PPL and OGDCL each hold 20% shares. The vessel's arrival represents a significant milestone in Pakistan-Turkey relations, particularly in the wake of the Makkah Joint Defence Agreement. The government aims to facilitate the offshore exploration initiative and ensure successful operations, with all relevant departments coordinating for a smooth process.
TPOC's project manager expressed confidence in the project, while the Petroleum Division emphasized the importance of achieving a landmark success that would benefit both countries for generations to come.
Written by urgent.news from Dawn's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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