Source: Pakistan Petroleum Information Service by LMKR on behalf of DGPC Based on the data for FY 2022-23
MPCL is an integrated exploration and production company, currently managing and operating Pakistan’s largest gas reservoir at Mari Gas Field Daharki, Sindh. With over 24% market share, it is the largest gas producer in Pakistan and owns the second highest reserves base. The Company’s net daily production is around 115k barrels of oil equivalent. MPCL plays a pivotal role in ensuring food security of Pakistan as more than 90% urea production in the Country is based on MPCL supplied gas. It also supplies gas for power generation and distribution companies. To its credit MPCL has the unique record of maintaining without interruption gas supply to its customers from Mari Field for the last fifty six years.
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 sale of hydrocarbons (including natural gas,crude oil and condensate), as well as provision of E&P allied services.
MPCL is a major producer of natural gas. It also produces crude oil and condensate. All the products of the Company are supplied to midstream and downstream customers. The Company also provides 2D/3D seismic data acquisition, seismic data processing, gravity & magnetic survey, drilling and mud logging services.
The gas produced by MPCL is supplied to fertilizer manufacturers, power generation and gas distribution companies, while crude oil and condensate are supplied to the refineries for further processing. The Company caters to local customers with currently no activity in the export market.
MPCL currently holds seven (07) D&P leases and seventeen (17) exploration licenses as Operator. It is also a non-operating joint venture partner in six (06) D&P leases and seventeen (17) exploration licenses. Its exploration and production assets are spread across all four provinces of Pakistan, as well as in Abu Dhabi where it is part of a consortium comprising leading Pakistani National E&P Companies in an offshore block.
MPCL 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 is a blue-chip company at the stock exchange. It regularly wins awards and accolades from various independent bodies for its financial And operational performance, financial reporting, management, HR, HSE, and CSR practices.
MPCL 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 market capitalization of over Rs. 361.8 billion as on June 30, 2024. Major Shareholders of the Company include Fauji Foundation (40%), Government of Pakistan (20%), OGDCL (20%) and General Public (20%). All Fauji Foundation group companies, Mari Mining Company (Pvt) Ltd (MPCL’s wholly owned subsidiary) and PIOL (MPCL shareholding 25%) are the associated companies of MPCL.
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