Pakistan Petroleum Limited seals Offshore Indus Block C deal, deepens energy ties with Türkiye

Marking a new chapter in Pakistan–Türkiye energy collaboration, Pakistan Petroleum Limited (PPL), a major energy company in the country, has finalised the Assignment Agreement for Eastern Offshore Indus Block C. PPL disclosed the development in its filing to the Pakistan Stock Exchange (PSX) on Wednesday. “PPL is pleased to announce the execution of the Assignment Agreement for Eastern Offshore Indus Block C, which marks the beginning of a new era of energy cooperation between Pakistan and Türkiye,” read the notice. PPL has assigned 25% Participating Interest (PI) along with operatorship to Turkish Petroleum Overseas Company (TPOC), a subsidiary of Türkiye’s national oil company TPAO, and 20% PI each to OGDCL and MariEnergies.