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MPCL


MPCL

MARI PETROLEUM COMPANY LIMITED (MPCL)

Mari Petroleum Company Ltd (MPCL) was originally owned by Pakistan Stanvac Petroleum Project (PSPP), a joint venture between Government of Pakistan at 49%, and Esso Eastern Incorporated (EEI) at 51% of ownership interest. Production commenced in 1967. In 1983, Fauji Foundation acquired the entire 51% share of EEI. The company commenced business as MPCL in December 1985.

 

MPCL is one of the leading exploration and production companies in Pakistan. It manages and operates the Country’s largest gas reservoir (in terms of current reserves) at Mari Field, District Ghotki, Sindh. In addition to Mari Gas Field, MPCL currently holds development & production leases over Zarghun South, Sujawal, and Halini X-1 and has operatorship of eight exploration blocks (Sujawal, Karak, Ghauri, Sukkur, Ziarat, Harnai, Peshawar East, and Bannu West). The Company is also a non-operating joint venture partner with leading national and international E&P companies in two D&P leases (Adam, Adam West) and five exploration blocks (Hala, Kohlu, Kalchas, Kohat, and Shah Bandar).

 

As a distinct edge over many other E&P companies, MPCL owns and operates a 3D seismic data acquisition unit, a 2D/3D seismic data processing centre and three land drilling rigs. With expansion into exploration activities and addition of E&P allied services, MPCL is now a fully integrated E&P company in the Country.

 

Fauji Foundation holds 40% of the shareholding in the Company along with management rights, while Government of Pakistan, OGDCL and General Public hold 18.39%, 20% and 21.61% of the shareholding, respectively.

 

SOCIAL MEDIA LINKS

Website www.petroscaninspection.com

Facebook https://www.facebook.com/petroscanz

LinkedIn profile https://www.linkedin.com/in/petroscanz/

LinkedIn Page https://www.linkedin.com/company/petroscanz/

Twitter https://twitter.com/petroscanz/

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