Pakistan Petroleum Limited (PPL) has officially finalised the Assignment Agreement for the Eastern Offshore Indus Block C, marking a significant milestone in Pakistan–Türkiye energy cooperation. The development was confirmed through a notice submitted to the Pakistan Stock Exchange (PSX).
Under the agreement, 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. Additionally, OGDCL and MariEnergies will each receive 20% PI, while PPL will retain the remaining 35% stake, ensuring its continued key role in the block’s development.
PPL stated that the partnership represents a major step toward tapping Pakistan’s offshore hydrocarbon potential, while also strengthening the long-term strategic energy alliance between Pakistan and Türkiye.
This collaboration follows PPL’s October announcement of a strategic partnership with TPOC under the farm-out process for the same offshore block. The agreement is the result of high-level government engagements aimed at enhancing bilateral energy cooperation and attracting foreign direct investment (FDI) in Pakistan’s offshore exploration sector.
Türkiye has recently expressed increased interest in Pakistan’s energy market. During a visit, Türkiye’s Minister of Energy and Natural Resources, Alparslan Bayraktar, led a business delegation that highlighted plans to pursue deeper partnerships in oil and gas exploration, energy infrastructure, and mining.
