Mari Petroleum is an integrated exploration and production company, currently managing and operating Pakistan’s largest gas reservoir at Mari Gas Field, Daharki, Sindh.
With 18% market share, Mari Petroleum is the second largest gas producer in the Country with cumulative daily production of 100,000 barrels of oil equivalent.
The Company’s exploration and production assets are spread across all the four provinces of Pakistan. The Company enjoys the highest exploration success rate of 70%, much higher than industry average of 33% (national) and 14% (international). At the same time, it is the most cost efficient E&P Company in the Country with lowest operational cost of only 10% of the gross sales.
The Company plays a pivotal role in ensuring food security of Pakistan as around 80% urea production in the Country is based on MPCL supplied gas. The Company also supplies gas for power generation and domestic consumers.
To its credit, Mari Petroleum has the unique record of maintaining uninterrupted gas supply to its customers from Mari Field for the last fifty years without availing even the permitted outages.
Mari Petroleum is an ISO certified Company for Quality, Environment, Information Security, Occupational Health & Safety and has achieved Advanced Level in ISO Certification for Social Responsibility.
MPCL has emerged as a blue-chip company at the stock exchange. During the last two years, the Company also won a number of awards from various independent bodies not only for its financial and operational performance and reporting but also for its management, HR, HSE, and CSR practices.
Principal Business Activities
MPCL is primarily an exploration and production company in the upstream segment of the petroleum industry. Its principal business activities include oil and gas exploration, drilling, field development, production and distribution of hydrocarbons (including natural gas, crude oil, condensate and LPG) as well as provision of E&P related services on commercial basis.
Major Brands, Products and Services
MPCL is a major producer of natural gas. It also produces crude oil, condensate and LPG. All the products of the Company are generic and are supplied to midstream and downstream customers without any specific brand name. The Company also provides 2D/3D seismic data acquisition, seismic data processing, drilling rigs and allied services.
The gas produced by the Company is supplied to fertiliser manufacturers, power generation and gas distribution companies, while crude oil and condensate are supplied to the refineries for further processing. The Company only caters to local customers with no activity in the export market.
Ownership, Operating Structure and relationship with Group Companies
Mari Petroleum is a Public Limited Company operating in the Private Sector. The Management of the Company is vested in Fauji Foundation. The Company is listed on Pakistan Stock Exchange with current market capitalisation of around Rs. 170 billion. Major Shareholders of the Company include Fauji Foundation (40%), Government of Pakistan (18.39%), OGDCL (20%), and General Public (21.61%). All Fauji Foundation group companies as well as OGDCL are the associated companies of MPCL.