Shams ul Nisa

Pakistan Petroleum Limited (PPL) is spearheading economic growth through major energy discoveries, mineral investments, and strategic partnerships, positioning itself as a key player in the country’s resource-driven future, reports WealthPK.

The company has made eight new hydrocarbon discoveries, including two in the Shah Bandar block and six in partner-operated areas, with production from the Pateji X-1 well. Furthermore, the company is actively expanding its upstream operations through 47 exploration blocks, new drilling initiatives, and geophysical surveys.

Despite declining output from aging fields, new production from Gambat South, Shah Bandar, and Kirthar is helping to sustain the national energy supply, highlighting the company’s strategic focus on reserve growth and energy security. Moreover, the PPL’s investment in the Reko Diq copper-gold project is set to significantly strengthen the country’s mineral sector. So far, Rs51.5 billion has been invested, with additional commitments of $627 million.

The project is expected to span 37 years, during which it aims to produce 17 million tonnes of copper and 29 million ounces of gold. The operations are scheduled to begin in 2028, with full-scale production targeted by 2034. Phase One, valued at $5.6 billion, will be financed through a combination of shareholder contributions and up to $3 billion in project financing.

As a result, the project is expected to generate employment, support related industries, and enhance the country’s export revenues. Additionally, the PPL is enhancing Pakistan’s role in the global mineral sector through international partnerships and participation in the 2025 Future Minerals Forum. The company is attracting foreign investment and technical expertise by leading the Pakistan Pavilion and securing new MoUs.

It is also advancing offshore exploration and infrastructure development—particularly in Balochistan—through joint ventures with Turkish and local firms. The company is advancing major energy and mineral projects, including drilling in Kandkot and Abu Dhabi, and mining initiatives like Reko Diq, Khuzdar, and Nokkundi. It is also preparing joint bids for up to 40 offshore blocks with local and Turkish partners.

The company is advancing digital innovation and ESG practices while maintaining a strong safety record with 63 million safe manhours. Its social initiatives span education, healthcare, and community development, including scholarships, hospital support, and clean energy projects. Amid ongoing economic challenges at home and abroad, the company is emerging as a key force in strengthening the country’s energy security and economic progress.

It is helping to stabilize energy supplies and attract global investment through projects like Reko Diq with a strategy centered on resource renewal, mineral development, and sound financial management. The PPL’s continued growth reflects a broader vision where Pakistan’s natural resources drive industrial expansion, global competitiveness, and inclusive development, ensuring that national prosperity is shared across communities.

Credit: INP-WealthPk