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 Annual Report 2020 has won 1st Positon in Fuel & Energy category. This is the third year in a row that MPCL Annual Report has secured the 1st position in this category. The Award was conferred by the Joint Committee of the Institute of Chartered Accountants of Pakistan (ICAP) and the Institute of Cost and Management Accountants of Pakistan (ICMAP) at the Best Corporate and Sustainability Report Awards announced in a Special Report published in Business Recorder on Friday, August 27, 2021. The annual report entries from Pakistani listed companies were evaluated against a comprehensive and stringent criteria laid down by the Joint Committee of...
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Mari Petroleum Company Limited (MPCL) has deposited over Rs. 3 billion (US$18.9 million) with the District Administration of Ghotki on account of Production Bonus and Social Welfare obligations in accordance with the Pakistan Petroleum Exploration and Production Policy 2012. Mr. Faheem Haider, MD MPCL presented the cheque to Syed Murad Ali Shah, Chief Minister Sindh for onward handing over to Deputy Commissioner, Ghotki. MD MPCL also discussed with Chief Minister Sindh various aspects of MPCL operations, on-going projects and planned future endeavors in the Country in general and in the province of Sindh in particular. It is pertinent to mention here that...
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Mari petroleum hosted an impressive light and sound show, projecting the struggles and contributions of our founders for creation of an independent state, Pakistan’s rich history, progression over the years, vibrant culture and a tribute to the heroes of Pakistan. Pride of performance award holder, Sahir Ali Bagga paid tribute to our forefathers, with his melodious songs. MD/CEO Mari Petroleum Faheem Haider, in his speech, welcomed the guests to the enthralling light and sound and said that this initiative is aimed at invigorating our national spirit through innovative tools of storytelling. He added that the show will be demonstrating an immersive 3D...
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In commemoration of the World Nature Conservation Day, Mari Petroleum Company Limited (MPCL), one of Pakistan’s largest exploration and production companies, initiates plantation of 100,000 tree saplings in Surghar Range in Pakistan. Inspired by the Prime Minister 10 Billion Tree Tsunami Project and Clean and Green Pakistan Campaign, MPCL hopes to play its part in conserving the trees and plants from the natural environment of the earth and to celebrate the World Nature Conservation Day. The plantation of the tree saplings in the Surghar Fields is all set to complete in August 2021. This is in line with Mari Petroleum’s CSR initiatives...
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Mari Petroleum Company Limited (MPCL) is pleased to announce that it has executed a farm-out agreement with MOL Pakistan Oil and Gas Co. B.V. over Margala Block with an area of 1,847 sq. km to collaborate their resources and efforts to jointly perform exploration activities. The Block is situated in the Potwar Basin in the vicinity of Islamabad. MPCL is a leading private sector Pakistani E&P company while MOL Pakistan Oil and Gas Co. B.V. is a fully owned subsidiary of a Hungarian multinational oil and gas company headquartered in Budapest, MOL Group. MPCL shall become a significant Working Interest Owner...
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While positively responding to Petroleum Division’s request for enhancing gas production to mitigate gas shortages due to outage of LNG terminal, Mari Petroleum Company Limited (MPCL) has played its due role by supplying around 40 MMSCFD gas to national grid from Mari field on fast track basis. MPCL made this possible by utilizing the undrawn gas volumes by CPGCL/GENCO-II through optimizing its gas production capacity....
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Community Support & Welfare remains at the heart of Mari Petroleum’s management practices and the Company manifested its resolve when an unfortunate incident took place on 7th June, 2021 at Reti area near Daharki Railway Station, where two trains collided resulting in the loss of 65 precious lives and injured more than 100 people. MPCL responded immediately to join the local administration for rescue and relief activities at the train accident site. In the quickest possible time, Mari Petroleum deployed all of the available resources including specialized medical team, heavy machinery and food/water supplies for survivors and volunteers to augment the...
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Mari Petroleum is pleased to announce commencement of natural gas production from Benari X-1 Field in Shah Bandar Block w.e.f 3rd May, 2021. Shah Bandar Block is operated by PPL with 63 percent working interest along with its joint venture partners Mari Petroleum Company Limited (MPCL) having 32pc working interest, and Sindh Energy Holding Company Limited (SEHCL) and Government Holding Private Limited (GHPL) with 2.5pc working interest each. Shah Bandar Joint Venture has agreed to process Benari X-1 gas at MPCL’s operated Sujawal Gas Processing Facility for its onward injection in to SSGC network. The expected gas production from the field is 9.5...
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Petroleum Concession Agreements (PCAs) and Exploration Licenses (ELs) over Sharan and Killa Saifullah Blocks were signed on April 23, 2021, among the President of the Islamic Republic of Pakistan through the Ministry of Energy (Petroleum Division), Mari Petroleum Company Limited (MPCL) and Oil and Gas Development Company Limited (OGDCL). Secretary Petroleum Division, Mian Asad Hayaud Din, Managing Director/CEO, MPCL Mr. Faheem Haider and Managing Director/CEO, OGDCL Mr. Shahid Salim Khan signed the agreements. Mr. Hammad Azhar, Minister of Energy, witnessed the PCAs signing ceremony. Government of Pakistan had provisionally awarded Sharan Block (3067-7) to MPCL as Operator with 60% working interest...
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