News and Events
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MPCL Wins 1st Prize for Best Management Practices at 36th Corporate Excellence Awards
MPCL has won the Corporate Excellence Award in the oil and gas sector for the fifth consecutive year. The award was received during the Management Association of Pakistan (MAP) event, at the 36th Corporate Excellence Awards Ceremony, in Karachi. MAP established the Corporate Excellence Award in 1982 to recognize and honor firms that have demonstrated remarkable performance by undertaking advanced and outstanding management practices. MPCL qualified first for the award in 2016-17 (based on dividend pay-out) and since then has been a winner in the Oil & Gas Sector every year.
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Award of Offshore Block 5 in Abu Dhabi to a Pakistani Consortium
Mari Petroleum, with a consortium of Pakistani companies, Oil and Gas Development Company Limited (OGDCL) and Government Holdings (Private) Limited (GHPL), led by Pakistan Petroleum Limited (PPL), has made a footprint on the energy landscape in the Middle East. With a consortium of Pakistani companies, MPCL has been awarded Offshore Block 5 in the 2019 competitive exploration block bid round by ADNOC in Abu Dhabi. Offshore Block 5 covers an area of 6,223 square kilometers, located 100 kilometers northeast of Abu Dhabi city.
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The MPCL Annual Report 2020 takes first place in the Best Corporate and Sustainability Report Awards
MPCL Annual Report 2020 secured 1st position at the Best Corporate and Sustainability Report Awards, in the Fuel and Energy category, organized by the Joint Committee of the Institute of Chartered Accountants of Pakistan (ICAP) and the Institute of Cost and Management Accountants of Pakistan (ICMAP). MPCL has been receiving this award for three consecutive years. This award is a recognition of MPCL’s commitment to best corporate governance practices through the publication of timely, transparent, and detailed annual reports.
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MPCL Deposits over Rs 3 billion for Community Development Projects in District, Ghotki, Sindh
Mari Petroleum Company Limited (MPCL) has contributed funds to community development projects and deposited over Rs 3 billion (US$18.9 million) with the District Administration of Ghotki on account of Production Bonus and Social Welfare obligations under the Pakistan Petroleum Exploration and Production Policy 2012. Funds will be utilized to execute key development projects in the Mari lease area in and around district Ghotki. These obligations are over and above the substantial voluntary contribution by the company to numerous social welfare projects every year under CSR initiatives.