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KARACHI: Pakistan Petroleum Limited (PPL) on Wednesday announced that the relevant regulatory authority has granted a Development and Production Lease for the Adhi Field to the Adhi Joint Venture, according to a notice submitted to the Pakistan Stock Exchange (PSX).
The company said the lease covers an area of 212.86 square kilometres located in the districts of Rawalpindi and Chakwal in Punjab.
Under the joint venture arrangement, PPL is the operator of the field with a 39 percent working interest, while Oil and Gas Development Company Limited (OGDCL) holds a 50 percent working interest and Pakistan Oilfields Limited (POL) owns the remaining 11 percent.
Copyright Business Recorder, 2026
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