Mari Petroleum Co Ltd

Mari Petroleum is one of the leading integrated E&P Companies in Pakistan, with a net hydrocarbon production over 100,000 barrels of oil equivalent per day. With a 23% market share, we are the second-largest gas producer in Pakistan and have a strong reserve base of around 642 million BOE.

The Company has the privilege of operating Mari Gas Field, which was discovered in 1957 by Esso Eastern. Located in the district of Ghotki, Sindh, Pakistan, it came on-stream in 1967 and after producing for more than five decades, it is the largest gas field by remaining reserves. The Company holds the distinction of uninterrupted gas supply from Mari Gas Field to its customers for the last 55 years.

The Company plays a pivotal role in ensuring the food security of Pakistan as more than 90% of the urea production in the Country is based on MPCL supplied gas.

Our national exploration and production portfolio is spread across all four provinces of Pakistan. We have 28 exploration licences and 13 development and production leases with a total concession acreage of about 52,028 sq km in the Country.

In August 2021, we took our first step towards international growth by acquiring 25% equity in Offshore Block 5, in Abu Dhabi as part of a consortium led by Pakistan Petroleum Limited together with Oil and Gas Development Company Limited and Government Holding (Private) Limited. Offshore Block 5 is located in shallow waters and has a concession area of 6,223 sq km.

We are a low-cost operator with a production cost of around 2.6 USD/BOE, making us the most cost-efficient energy company in the Country. We are an ISO-certified Company for quality, environment, information security, and occupational health and safety.

We are proud of being one of the highest contributors to the national exchequer and have paid PKR 366 billion in taxes and levies and saved foreign exchange of around PKR 1,700 billion in the last 5 years.

Mari Services Division (MSD), our services arm, provides us with an in-house capability of gravity and magnetic surveys, 2D & 3D seismic acquisition, seismic data processing, drilling, and mud logging services. With our seismic acquisition units and drilling rigs, we can operate in challenging and security-sensitive areas of Pakistan. Our fleet not only provides us flexibility for our own operations but also enables us to offer our services to the external customers.

We are a blue-chip company listed on the Pakistan Stock Exchange with a market capitalization of over PKR 232 billion. We are committed to deploying state-of-the-art technologies for our businesses to fuel the national economy.

We are committed to bringing economic prosperity, social progress, and value creation for our people, communities, and stakeholders. We are proud of our corporate social responsibility programs, which have significantly contributed towards the uplift of the communities in the areas we operate and beyond.