Material information of Mari Petroleum Company Limited

Karachi: Mari Petroleum Company Limited informed Karachi Stock Exchange about approval of MPCL’s application for conversion of Mari D and P Lease to 2012 Petroleum policy for the company’s new exploration efforts in Mari Lease area.

Mari Petroleum Company Limited is an exploration and production company operating at Daharki, District Ghotki, Sindh. The field is approximately 96 kilometers North of Sukkur.

Esso Eastern Inc. discovered this field in 1957 with the drilling of first well – Mari X-1. The field was brought on production in 1967. The company is also joint venture partner in two exploration blocks (Kohlu&Kalchas) in Balochistan, two exploration blocks (Kohat&Bannu West) in Khyber Pakhtunkhwa, one block (Zindan) in Khyber Pakhtunkhwa / Punjab and one block (Hala) in Sindh. Moreover, the company is also joint venture partner in block 43B with 25% working interest in Oman.
The symbol “MARI” is being used by the stock exchanges for the shares of Mari Petroleum Company Limited.