Türkiye’s TPAO partners with Pakistani companies for offshore oil and gas exploration

Türkiye's state-owned Turkish Petroleum (TPAO) has partnered with 3 Pakistani nationalist vigor companies to bid successful Pakistan's offshore lipid and state exploration tender.

This collaboration marks a strategical vigor determination for some nations.

The statement was signed during an authoritative sojourn to Islamabad by Turkish Energy Minister Alparslan Bayraktar, who attended the Pakistan Mining Investment Forum.

Minister Bayraktar highlighted the value of value-added mining and environmentally delicate practices to pull investment.

He noted that Türkiye is moving connected a betterment bundle to facilitate mining investments by streamlining licence processes.

The associated bidding statement involves Turkish Petroleum and Pakistan's nationalist lipid companies Mari Energies, OGDCL and PPL.

Pakistan plans to bid for 40 oversea exploration blocks by 30 June 2025, with 14 successful the Makran offshore basin and 26 successful the Indus offshore basin. The 4 companies volition jointly bid for selected blocks.

"This measurement volition deepen the strategical vigor concern betwixt Türkiye and Pakistan and volition besides beryllium an important threshold for determination vigor security. I privation the statement to beryllium beneficial for the 2 countries successful advance," Bayraktar stated.

In July past year, Türkiye signed an statement granting exclusive rights to research and nutrient hydrocarbons successful 3 blocks successful Somalia, covering a combined country of 5,000km².

Russia and Pakistan are besides exploring imaginable practice successful offshore lipid and state exploration and refining, pursuing intergovernmental meetings successful December 2024 successful Moscow.

Discussions included Russia perchance supplying Pakistan with crude lipid and atom arsenic portion of efforts to fortify vigor ties.

Since 2022, Russia has regularly supplied lipid to Pakistan aft the EU embargo connected Russian vigor products.

In a related development, MariEnergies has struck lipid astatine the Shawal-1 good astatine its afloat owned Mari Development & Production Lease successful Sindh Province, Pakistan.

The institution successfully drilled the good to a extent of 1,136m astatine the Ghazij Formation.

"Türkiye’s TPAO partners with Pakistani companies for offshore lipid and state exploration" was primitively created and published by Offshore Technology, a GlobalData owned brand.

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