A new chapter in energy cooperation between Pakistan and Türkiye has begun, as Pakistan Petroleum Limited (PPL) has finalized the assignment agreement for the Eastern Offshore Indus Block C. The development was disclosed by PPL in a filing submitted to the Pakistan Stock Exchange (PSX) on Wednesday.
According to the notice, PPL announced that the signing of the assignment agreement marks a significant milestone, symbolizing a new era of energy collaboration between Pakistan and Türkiye. Under the agreement, PPL has transferred a 25 percent participating interest and operatorship of the block to Turkish Petroleum Overseas Company (TPOC), a subsidiary of Türkiye’s national oil company TPAO. Additionally, OGDCL and Mari Energies have each been allotted 20 percent participating interest.
The notice further stated that PPL will retain the remaining 35 percent interest and continue to play a key role in the development of the block. The partnership is being viewed as an important step toward unlocking Pakistan’s offshore hydrocarbon potential and strengthening the long-term strategic energy alliance between the two countries.
In October, PPL had announced a strategic partnership with TPOC under the farm-out process for the Eastern Offshore Indus C Block. At the time, PPL said the partnership resulted from high-level discussions between the governments of Pakistan and Türkiye, aimed at deepening bilateral energy cooperation and facilitating foreign direct investment in offshore exploration in Pakistan.
Türkiye has also shown deep interest in Pakistan’s energy sector. During a recent visit, a Turkish trade delegation led by Minister of Energy and Natural Resources Alparslan Bayraktar expressed the intention to pursue additional joint projects with Pakistan.
