company limited type public limited traded as kse mari industry oil and gas founded december 1984 headquarters islamabad pakistan key people lt gen nadeem ahmed hi m se t bt retd managing director ceo executive profile products oil natural gas condensate lpg revenue pak rs . 31.4 billion 2011 website www.mpcl.com.pk corporate profile mari petroleum head office islamabad mari petroleum company limited mpcl ; formerly mari gas company limited is one of pakistan s largest e & p petroleum exploration and production companies operating the country s second largest gas reservoir at mari field district ghotki sindh . mpcl is primarily engaged in exploration development and production of hydrocarbon potentials natural gas crude oil condensate and liquified petroleum gas . contents 1 history 2 distinctions 3 exploration 3.1 mpcl operated blocks 3.2 mpcl non operated blocks 4 production 5 reserves 6 research and development 7 listing 8 launch of international operations 9 notes 10 references 11 external links history edit in 1957 when mpcl was operating as esso eastern inc. 1 the mari gas field was discovered in daharki sindh pakistan with an original gas in place giip estimate of 2.38 tcf . over the years with the phased development of the field and subsequent reservoir evaluations the giip of the field was enhanced to 10.751 tcf thus making mari one of the largest gas fields in pakistan in terms of balance reserves . in may 1983 the fauji foundation a major pakistani group along with ogdcl oil and gas development company ltd. and the government of pakistan acquired the entire business operation of esso eastern inc. in pakistan which included the mari gas field . during december 1984 the business was reorganized and incorporated as mari petroleum company limited and it acquired the assets liabilities and operational control of the mari gas field . mpcl primarily operated as a production company until 1997 when it began the phased development of the habib rahi reservoir to supply gas for new fertilizer plants . the company also simultaneously pursued appraisal activities within its mari d & p lease by drilling stepout wells to determine the boundaries of the habib rahi reservoir . the hallmark of mpcl s growth and expansion is also represented by its entry into exploration activities in 2001 . distinctions edit the company has the highest well success ratio of any e & p company in pakistan 1 1.44 or 69.23 % compared to other companies which average 1 3.3 or 30.1 % 2 and is also the most cost effective . the company s operating expenses are 7 8 % of its gross sales while other companies average operating expenses which comprise 21 % of their gross sales . exploration edit this section does not cite any sources . please help improve this section by adding citations to reliable sources . unsourced material may be challenged and removed . july 2016 learn how and when to remove this template message mpcl started extensive geological and geophysical exploration in 2001 often in partnerships with local and international exploration and production companies to tap indigenous hydrocarbon resources of the country . mpcl s success ratio in 2013 14 was 100 percent as mpcl drilled five oil gas wells and all were successful which resulted in the significant increase in the company s oil gas production . last year mpcl share prices were trading at around rs 400 per share which has now crossed rs . 900 per share . when mpcl s success ratio is 1 1.4 which is high compared to other e & p companies which average 1 4 ; internationally the ratio is 1 8 . about 78 % of mpcl s gas production is dedicated to fertiliser plants and the company is playing a very critical role in the growth of the agriculture sector . currently mpcl is working in 17 oil gas blocks of which 11 blocks are entirely being explored by mpcl while in other 6 blocks mpcl is a joint partner . mpcl operated blocks edit mari d & p lease ; mpcl has 100 % working interest karak block ; mpcl has 60 % working interest 3 sukkur block ; mpcl has 58.8 % working interest ziarat block ; mpcl has 60 % working interest hanna block ; mpcl has 100 % working interest harnai block ; mpcl has 40 % working interest sujawal block ; mpcl has 100 % working interest ghauri block ; mpcl has 35 % working interest 4 zarghun south d & p lease ; mpcl has 35 % working interest peshawar east ; mpcl has 92.2 % working interest khetwaro ; mpcl has 51.5 % working interest mpcl non operated blocks edit hala block ; mpcl has 35 % working interest kohat block ; mpcl has 20 % working interest kalchas block ; mpcl has 20 % working interest kohlu block ; mpcl has 30 % working interest bannu west ; mpcl has 10 % working interest zindan block ; mpcl has 35 % working interest production edit following is the average daily production from various fields gas ; 670 mmscf day 5 oil ; 500 3000 bbls day condensate ; 180 bbls day lpg ; 5 mt day reserves edit the remaining recoverable reserves of mpcl operated blocks stood more than 4.26 trillion cubic feet of gas as of february 29 2012 . research and development edit mpcl is the first oil & gas company in pakistan which has dedicated substantial funds for a number of research & development activities in exploration production health safety and environment hse . following are the projects initially undertaken for research & development pakistan basin study report improving cementation in deep wells mitigation of sweet corrosion feasibility & design study for tight & shale gas exploration through fracturing sembar sandstone feasibility & design study for fracturing habib rahi limestone to produce from its tight upper zone industry academia collaboration environmental protection listing edit mpcl is listed in all three pakistani stock exchanges namely the karachi stock exchange kse the lahore stock exchange lse and the islamabad stock exchange ise . launch of international operations edit mpcl is preparing to launch collaborative operations with international oil and gas exploration companies 6 and has increased local gas production by 61 million cubic feet per day mmcfd taking it from 584 mmcfd in 2013 to 645 mmcfd in 2014 . the company is also exploring opportunities to work with central asian countries in collaboration with the hungarian oil gas exploration production company mol group 7 and with the malaysian oil and gas company petronas on a joint venture basis . notes edit mpcl started as esso eastern inc. . pakistan energy yearbook 2010 ministry of p & nr hdip mari gas makes major oil discovery in mianwali mpcl discovers oil reserves near jhelum mari gas supplying 44mmscf gas to sngpl mpcl is set to launch international operations business recorder reports . mol to buy stake in ghauri block references edit corporate profile financial reports external links edit official website v t e kmi 30 companies of pakistan abbott laboratories pakistan attock cement attock refinery cherat cement d.g. khan cement engro foods fauji fertilizer bin qasim fauji fertilizer company limited glaxosmithkline pakistan hub power company ici pakistan indus motors company karachi electric supply company kohat cement lafarge pakistan lotte chemical pakistan lucky cement maple leaf cement mari petroleum company limited millat tractors national refinery nishat mills oil and gas development company packages ltd. pak suzuki motors pakistan oilfields pakistan petroleum pakistan state oil pakistan telecommunication company ltd shell pakistan as of july 2013 v t e kse 100 companies of pakistan abbott laboratories pakistan adamjee insurance agriauto industries allied bank limited allied rental modaraba arif habib corporation limited askari bank askari general insurance co. ltd. attock cement attock petroleum attock refinery azgard nine bank al falah bank al habib bank of khyber bank of punjab bankislami pakistan bata pakistan cherat cement clariant pakistan colgate palmolive pakistan dawood hercules chemicals limited d.g. khan cement efu general efu life engro corporation engro foods fatima fertilizer fauji cement fauji fertilizer bin qasim fauji fertilizer company limited faysal bank feroze 1888 mills ghani glass limited glaxosmithkline pakistan grays of cambridge habib metropolitan bank hbl pakistan hub power company hum network limited ici pakistan igi insurance indus motors company international industries limited international steels limited javedan corporation jdw sugar mills js bank js group js growth fund jubilee general insurance karachi electric supply company kohinoor energy kot addu power company lafarge pakistan lotte chemical pakistan lucky cement mari petroleum company limited mcb bank limited meezan bank millat tractors murree brewery national bank of pakistan national foods limited national refinery nestl pakistan netsol technologies nib bank nishat chunian nishat chunian power nishat mills nishat power oil and gas development company pace pakistan packages ltd. pak suzuki motors pakistan cables pakistan international container terminal pakistan oilfields pakistan petroleum pakistan reinsurance pakistan services pakistan state oil pakistan telecommunication company ltd pakistan tobacco company picic growth fund rafhan maize security papers limited shell pakistan shifa international hospital siemens pakistan soneri bank standard chartered pakistan sui northern gas pipelines limited sui southern gas company thal limited tpl trakker trg pakistan tri pack films unilever pakistan united bank limited pakistan as of july 2013 retrieved from https en.wikipedia.org w index.php title mari petroleum company limited & oldid 744391077 categories companies based in islamabadcompanies listed on the karachi stock exchangeoil and gas companies of pakistanhidden categories articles needing additional references from july 2016all articles needing additional referencesvague or ambiguous time from july 2016 navigation menu personal tools not logged intalkcontributionscreate 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