Thursday, December 04 2025

Eastern Offshore Indus Block C: PPL signs Assignment Agreement with Turkish company
Pakistan Petroleum Limited (PPL) has formalised a major step in strengthening Pakistan-Türkiye energy cooperation with the signing of an Assignment Agreement for the Eastern Offshore Indus Block C, paving the way for enhanced foreign investment and renewed momentum in offshore exploration. The agreement was signed in Islamabad in a ceremony witnessed by Prime Minister Shehbaz Sharif, Türkiye’s Minister for Energy and Natural Resources Alparslan Bayraktar, Pakistan’s Federal Minister for Petroleum Ali Pervaiz Malik, senior government officials, and company representatives. PPL’s Managing Director and CEO Sikandar Memon signed the agreement on behalf of the company.
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Wednesday, December 03 2025

Pakistan Petroleum Limited seals Offshore Indus Block C deal, deepens energy ties with Türkiye
Marking a new chapter in Pakistan–Türkiye energy collaboration, Pakistan Petroleum Limited (PPL), a major energy company in the country, has finalised the Assignment Agreement for Eastern Offshore Indus Block C. PPL disclosed the development in its filing to the Pakistan Stock Exchange (PSX) on Wednesday. “PPL is pleased to announce the execution of the Assignment Agreement for Eastern Offshore Indus Block C, which marks the beginning of a new era of energy cooperation between Pakistan and Türkiye,” read the notice. PPL has assigned 25% Participating Interest (PI) along with operatorship to Turkish Petroleum Overseas Company (TPOC), a subsidiary of Türkiye’s national oil company TPAO, and 20% PI each to OGDCL and MariEnergies.
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Related symbols: ppl (news stock)

Tuesday, November 11 2025

PPL’s Gambat South raises hydrocarbon processing capacity
The Gambat South Gas Processing Facility (GPF-II) in Sanghar, Sindh, has increased its gas processing capacity from 55 MMscfd to 60 MMscfd through process optimisation, generating an additional 5 MMscfd of gas, 35 barrels of condensate, and one ton of liquified petroleum gas (LPG). The development was disclosed by Pakistan Petroleum Limited (PPL), the operator of the Gambat South Block, in a notice to the Pakistan Stock Exchange (PSX) on Tuesday. PPL has a 65% working interest, along with joint venture partners Government Holdings (Private) Limited (GHPL) and Asia Resources Oil Limited (AROL) with 25% and 10% working interests in the block, respectively. PPL increases gas production at Shahdad X-1 The GPF-II Plant, originally commissioned in 2016 with a design capacity of 50 MMscfd of raw gas containing 26% CO2, was previously optimised during 2021-22 to handle 55 MMscfd of raw gas through operational improvements.
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Related symbols: ppl (news stock)