Mari Petroleum Co Ltd - Company Profile

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Mari Petroleum Co Ltd: Overview

Mari Petroleum Co Ltd (MPCL), formerly Mari Gas Co Ltd, is an oil and gas exploration and production company. It carries out exploration and production of crude oil, natural gas, condensate and liquefied petroleum gas (LPG). The company’s activities include drilling, field development, production, and distribution of hydrocarbons. MPCL also provides services such as seismic data acquisition, seismic data processing, drilling rigs, and allied services. It supplies gas to fertiliser manufacturers, power generation, and gas distribution companies. The company owns and operates one of largest gas reservoirs at Mari field in Sindh. It also has operations in exploration blocks such as Sujawal, Karak, Ghauri, Sukkur, Ziarat, Harnai, Peshawar East, and Bannu West. MPCL is headquartered in Islamabad, Pakistan.

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Headquarters Pakistan

Address 21, Mauve Area, 3rd Road, G-10/4, Islamabad, 44000


Telephone 92 51 111410410

No of Employees 1,618

Industry Energy and Utilities

Ticker Symbol & Exchange MARI (PSX)

Revenue (2022) $714.7M 53.2% (2022 vs 2021)

EPS XYZ

Net Income (2022) XYZ 69.8% (2022 vs 2021)

Market Cap* $1.3B

Net Profit Margin (2022) XYZ 10.8% (2022 vs 2021)

* As of and is in US$
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Mari Petroleum Co Ltd premium industry data and analytics

30+

Upstream

Access comprehensive data and analysis of global upstream assets. This includes key information on fields, wells and blocks. It covers key commercial, geological, and technical attributes of assets and analysis of developments.

1

Midstream

Midstream database provides details on global active, upcoming , decommissioned, and cancelled oil & gas pipelines, LNG regasification and liquefaction terminals, liquid storage terminals, underground gas storage facilities, and gas processing plants.

Products and Services

Products Services
Natural Gas Drilling
Crude Oil 2D/3D Seismic Data Acquisition
Condensate Seismic Data Processing
XYZ XYZ
XYZ XYZ
XYZ XYZ
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2024 Contracts/Agreements In February, the company entered into agreements to acquire a 40% working interest in Zarghun South D&PL and a 27.55% working interest in Nareli Block from Spud Energy Pty Ltd.
2024 Oil/Gas Discovery In January, the company announced the discovery of gas reserves at a well in North Waziristan, Khyber Pakhtunkhwa.
2023 Oil/Gas Discovery In November, the company along with Pakistan Petroleum, Sindh Energy Holding Company Limited and Government Holdings (Private) Limited made a gas and condensate discovery at exploration well Jhim East X-1 in District Sujawal, Sindh.
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Competitor Comparison

Key Parameters Mari Petroleum Co Ltd Oil & Gas Development Co Ltd Shell Pakistan Ltd Pakistan Petroleum Ltd Cinergyco PK Ltd
Headquarters Pakistan Pakistan Pakistan Pakistan Pakistan
City Islamabad Islamabad Karachi Karachi Karachi
No. of Employees 1,618 11,207 397 2,524 725
Entity Type Public Public Public Public Public
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Executives
Name Position Board Since Age
Waqar Ahmed Malik Chairman Executive Board 2020 -
Faheem Haider Director; Managing Director; Chief Executive Officer Executive Board 2020 -
Anwar Ali Hyder Chairman - Fauji Foundation; Director - Fauji Foundation Executive Board 2024 -
Nabeel Rasheed Chief Financial Officer Senior Management - -
Fauzia Ahmad Chief Human Resources Officer Senior Management - -
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
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