Islamabad, November 2025 – Pakistan has approved a new offshore exploration consortium, allowing Turkish Petroleum Overseas Company (TPOC) to take over operatorship of the Eastern Offshore Block-C.

Under the arrangement:

• Pakistan Petroleum Limited (PPL) retains a 35% stake.
• TPOC will hold 25% and act as operator.
• Mari Energies and state-run OGDC will also hold stakes.

The consortium is expected to bring international offshore expertise, enhance operational efficiency, and pursue a drill-ready prospect, potentially attracting new foreign investment. This follows Pakistan’s first offshore bidding round since 2007, where 23 of 40 blocks were awarded, covering roughly 53,500 sq km.