Mari Energies inks agreements with major fertilizer firms to boost gas supply
- Firms include Fauji Fertilizer Company Limited, Engro Fertilizers Limited, and Fatima Fertilizer Company Limited
Mari Energies Limited (MariEnergies), one of Pakistan’s largest E&P companies, said on Tuesday that it had signed multiple agreements with Fauji Fertilizer Company Limited, Engro Fertilizers Limited, and Fatima Fertilizer Company Limited.
The company shared the information in a notice to the Pakistan Stock Exchange (PSX) today.
MARI said that it had executed multiple project agreements for the Pressure Enhancement Facilities (PEF) at Daharki, Sindh.
The PEF Project is a strategic initiative undertaken by MariEnergies in collaboration with the fertiliser plants owners and involves debottlenecking of the pipeline, procurement and installation of compression facilities at various junctions of the gas gathering pipeline network and related operations and maintenance.
READ MORE: Mari Energies discovers gas in Sindh
“PEF Project is aimed to maintain the minimum delivery pressure of Habib Rahi Limestone (HRL) reservoir gas, with a potential to extend the production plateau, ensuring consistent indigenous gas supplies to fertiliser plants, directly supporting the domestic urea production and contributing to national food security,” the bourse was informed.
The company is an integrated oil and gas exploration and production company, and around 70% exploration success rate, which is much higher than industry averages of around 33% nationally and 14% internationally.
MARI’s key customers include fertiliser manufacturers, power generation companies, gas distribution companies, and refineries.
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