ECC Allows PPL to Give Shares in Offshore Block to OGDCL, TPOC
The Economic Coordination Committee (ECC) has approved PPL’s request for Assignment of Participating Interests in the Eastern Offshore Block-C, marking a significant milestone in Pakistan’s offshore exploration efforts.
Under the approved arrangement, the Participating Interests in the block will be held by Turkish Petroleum Overseas Company (TPOC) at 25%, Pakistan Petroleum Limited (PPL) at 35%, Mari Energies Limited at 20%, and Oil & Gas Development Company Limited (OGDCL) at 20%.
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As part of the Assignment Agreement, the operatorship of the block will be transferred to TPOC subject to signing the deed of agreement.
This will bring valuable international offshore operating experience to Pakistan’s exploration landscape and this transition is expected to enhance technical capabilities, operational efficiency, and overall project delivery.
The block contains a drill-ready prospect, which will now be pursued by this consortium under the operator-ship of TPOC.
The upcoming exploration well is expected to attract substantial foreign direct investment into Pakistan’s offshore sector, reinforcing the government’s commitment to stre
