With 10 new blocks in hand, is Mari Energy set for a breakout?

Key takeaways:

• MARI wins 10 new blocks, 7 as Operator and 3 as JV partner, under the Onshore Bid Round 2025
  
• Strategic partners include OGDCL, PPL, TPOC, GHPL, and Prime Global Energies
  
• The move aligns with MARI’s vision for growth and national energy self-sufficiency
  

Major expansion through competitive bidding

Mari Energies Limited (MARI), one of Pakistan’s leading energy exploration companies, has made a significant stride by securing 10 new onshore exploration blocks through Pakistan’s E&P Onshore Bid Round 2025. This provisional award, dated 13 May 2025, comes as part of Mari’s strategy to expand its exploration footprint across resource-rich regions of Pakistan.

Of the 10 blocks:

• 7 are awarded to MariEnergies as the Operator, giving the company full technical and operational control.
  
• 3 are awarded as Joint Ventures, partnering with top-tier energy firms like OGDCL, PPL, and Prime.
  

This move reflects growing confidence in MariEnergies’ exploration capabilities and its proactive role in helping reduce Pakistan’s reliance on imported fuels.

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Detailed breakdown of new exploration blocks

The awarded blocks cover territories across Balochistan, Punjab, and Sindh, with strong consortia backing each one. Here’s a snapshot of the new assets:

Note: Awards are provisional until the execution of exploration licenses and agreements.

Strategic implications for MariEnergies

This development is not just a land grab, it’s a carefully targeted expansion in highly prospective basins, particularly in Balochistan, which holds untapped hydrocarbon potential.

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Mari’s growing role as lead operator in 7 blocks gives it strategic autonomy in exploration and decision-making. At the same time, JV participation in blocks with OGDCL, PPL, and Prime allows risk-sharing while leveraging joint capabilities.

Key advantages:

• Boost to long-term reserves and production potential
  
• Strengthening of domestic energy supply lines
  
• Enhanced exploration portfolio diversification
  
• Solid positioning in a competitive E&P environment
  

MARI financial snapshot (2023–2024)

Final Thoughts

The award of 10 new exploration blocks marks a transformational milestone for MariEnergies. It underscores the company’s role not only as a formidable player in Pakistan’s E&P landscape but also as a committed partner in achieving national energy security and self-sufficiency.

With operational control over key blocks and collaboration with heavyweight JV partners, MARI is well-positioned to unlock new reserves, increase shareholder value, and drive sustainable growth in the years ahead.

⚠️ This post reflects the author’s personal opinion and is for informational purposes only. It does not constitute financial advice. Investing involves risk and should be done independently. Read full disclaimer →