{"id":25321,"date":"2025-10-14T13:25:03","date_gmt":"2025-10-14T13:25:03","guid":{"rendered":"https:\/\/gsrra.com\/?p=25321"},"modified":"2025-10-16T10:19:34","modified_gmt":"2025-10-16T10:19:34","slug":"pakistans-ppl-enters-into-strategic-partnership-with-turkish-petroleum-overseas-company","status":"publish","type":"post","link":"https:\/\/gsrra.com\/?p=25321","title":{"rendered":"Pakistan\u2019s PPL enters into strategic partnership with Turkish Petroleum Overseas Company"},"content":{"rendered":"\n<ul class=\"wp-block-list\">\n<li>Partnership aimed at boosting offshore exploration<a rel=\"noreferrer noopener\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https%3A%2F%2Fwww.brecorder.com%2Fnews%2F40387352&amp;display=popup&amp;ref=plugin\" target=\"_blank\"><\/li>\n<\/ul>\n\n\n\n<p><a href=\"https:\/\/youtube.com\/channel\/UCFWx0mweS7ExXjs3s_wH0CQ\" target=\"_blank\" rel=\"noreferrer noopener\"><a href=\"https:\/\/www.facebook.com\/BusinessRecorder\/\" target=\"_blank\" rel=\"noreferrer noopener\"><a href=\"https:\/\/www.instagram.com\/businessrecorder\/\" target=\"_blank\" rel=\"noreferrer noopener\"><a href=\"https:\/\/twitter.com\/brecordernews\" target=\"_blank\" rel=\"noreferrer noopener\"><a href=\"https:\/\/www.brecorder.com\/feeds\/latest-news\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Pakistan Petroleum Limited (PPL), a major energy company in the country, has announced a strategic partnership with Turkish Petroleum Overseas Company (TPOC), a subsidiary of Turkiye\u2019s national oil company TPAO, under the farm-out process of the Eastern Offshore Indus C Block.<\/strong><\/p>\n\n\n\n<p>The partnership is aimed at boosting offshore exploration and strengthening Pakistan-Turkiye energy cooperation, PPL said in its filing to the Pakistan Stock Exchange (PSX) on Tuesday.<\/p>\n\n\n\n<p>\u201cPPL is pleased to announce a major milestone in the farm-out process of the Eastern Offshore Indus C Block, marking the beginning of a strategic collaboration with TPOC, a wholly owned subsidiary of TPAO, the national oil company of Turkiye.<\/p>\n\n\n\n<p>\u201cThis partnership is the result of high-level engagements between the governments of Pakistan and Turkiye, aimed at deepening bilateral cooperation in the energy sector and promoting Foreign Direct Investment (FDI) in Pakistan\u2019s offshore exploration activities,\u201d read the notice.<\/p>\n\n\n\n<p>As part of this initiative, PPL has transferred the operatorship of the Block to TPOC, which is subject to regulatory approvals.<\/p>\n\n\n\n<p>\u201cThis step reflects a broader government-level understanding and aims to incorporate international best practices into Pakistan\u2019s offshore exploration operations.\u201d<\/p>\n\n\n\n<p>In parallel, PPL engaged Oil &amp; Gas Development Company Limited (OGDCL) and Mari Energies Limited (MariEnergies) in the farm-out process.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.brecorder.com\/news\/40386092\/pakistans-ogdcl-eyes-consortium-with-turkish-petroleum-for-libya-exploration\" target=\"_blank\" rel=\"noopener\">Pakistan\u2019s OGDCL eyes consortium with Turkish Petroleum for Libya exploration<\/a><\/strong><\/p>\n\n\n\n<p>\u201cBoth companies conducted thorough due diligence, leading to the successful execution of a farm-out agreement among PPL, TPOC, OGDCL, and MARI.<\/p>\n\n\n\n<p>\u201cUnder the farm-out agreement, PPL will assign 25% Participating Interest (PI) and operatorship to TPOC, and 20% PI each to OGDCL and MariEnergies.<\/p>\n\n\n\n<p>\u201cPPL will retain the remaining 35% PI and will continue to play a key role in the Block\u2019s development,\u201d read the notice.<\/p>\n\n\n\n<p>PPL said the collaboration marks a significant step toward unlocking Pakistan\u2019s offshore hydrocarbon potential and sets the foundation for long-term strategic energy cooperation between Pakistan and Turkiye.<\/p>\n\n\n\n<p>Reference Link:- https:\/\/www.brecorder.com\/news\/40387352; <\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pakistan Petroleum Limited (PPL), a major energy company in the country, has announced a strategic partnership with Turkish Petroleum Overseas Company (TPOC), a subsidiary of Turkiye\u2019s national oil company TPAO, under the farm-out process of the Eastern Offshore Indus C Block. The partnership is aimed at boosting offshore exploration and strengthening Pakistan-Turkiye energy cooperation, PPL [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"image","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[2],"tags":[3345,2836,62,2642,36,1005,9692],"class_list":["post-25321","post","type-post","status-publish","format-image","hentry","category-sample-category","tag-collaboration","tag-cooperation","tag-energy","tag-oil-gas","tag-pakistan","tag-turkey","tag-petroleum","post_format-post-format-image"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/25321","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25321"}],"version-history":[{"count":1,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/25321\/revisions"}],"predecessor-version":[{"id":25322,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/25321\/revisions\/25322"}],"wp:attachment":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}