PPL Partners with Turkey for Offshore Exploration

Pakistan Petroleum Limited (PPL) has joined hands with the Turkish Petroleum Overseas Company (TPOC), a subsidiary of Turkey’s national oil firm, in a new strategic partnership for offshore exploration. Under this agreement, PPL will transfer 25% of its participating interest and operatorship of the Eastern Offshore Indus C Block to TPOC, while Pakistan’s Oil & Gas Development Company Limited (OGDCL Official) and Mari Energies will each hold 20%. PPL will retain 35%, keeping a strong stake in the project. The collaboration, which is still subject to regulatory approvals, marks a new chapter in Pakistan’s efforts to attract international expertise and investment into its energy sector.

This partnership comes at a time when both Pakistan and Turkey are working to deepen their economic and energy ties. By bringing in TPOC’s experience in deepwater exploration, PPL aims to strengthen its technical capabilities and improve the chances of successful discoveries in the country’s offshore reserves  an area that has long remained underexplored. The deal also reflects Pakistan’s broader ambition to diversify its energy resources and reduce dependence on imported fuels by tapping into its own natural reserves through global partnerships.

Beyond exploration, the partnership carries wider economic and strategic importance. It distributes investment risks among multiple partners, enhances the exchange of advanced exploration technology, and sends a positive signal to potential investors about Pakistan’s openness to collaboration. If successful, the PPL-TPOC venture could not only boost Pakistan’s energy security but also pave the way for greater foreign interest in the country’s offshore oil and gas sector  ultimately contributing to national growth and stability.