Fatima Petroleum Company Limited (FPCL), a wholly owned subsidiary of Fatima Group, has been provisionally awarded participation interests in two offshore exploration blocks, according to a disclosure made to the Pakistan Stock Exchange.
The Directorate General of Petroleum Concessions (DGPC) has granted FPCL a 15% participation interest in each of the following offshore blocks located in the Indus Offshore Basin:
Offshore Deep C (2366-10)
Offshore Deep F (2366-12)
Both blocks will be operated by Mari Energies, which holds the majority participation interest of 70%, while TPOC has also secured a 15% interest in each concession.
The awards mark a significant step in Pakistan’s ongoing efforts to expand offshore energy exploration and attract joint-venture investments aimed at strengthening the country’s long-term energy security.
FPCL stated that the provisional allocation demonstrates confidence in the company’s technical and operational capabilities as it seeks to enhance its upstream portfolio.
Further details on timelines and exploration activities are expected following formal issuance of award documents by the DGPC.
