Mari Petroleum Co Ltd - Company Profile
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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.
Mari Petroleum Co Ltd premium industry data and analytics
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 |
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. |
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 |
Key Financial Charts
Sales Growth
Net Income Growth
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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