Mari Petroleum rebrands as Mari Energies Limited

One of Pakistan’s largest exploration and production (E&P) companies, Mari Petroleum Company Limited (MPCL) has changed its name to Mari Energies Limited (MEL) with effect from January 07, 2025, according to a filing at the Pakistan Stock Exchange (PSX). 

The company said in its filing that a Certificate of Incorporation on Change of Name has been issued by the Securities and Exchange Commission of Pakistan (SECP) in this respect.

Specialising in the exploration, development, and production of hydrocarbons, Mari holds a reserve and resource base of 816 million barrels of oil equivalent (MMBOE), making it the second largest reserve holder in the country.

The company shall continue to display its former name alongside its new name as required under Section 13(2) of the Companies Act, 2017. This change of name shall not affect the principal line of business of the company. 

Mari Energies Limited has also been assigned an initial entity rating of AAA (Long Term) and A1+ (Short Term) by the Pakistan Credit Rating Agency (PACRA) based on its strong operational and financial position as a key player in the country’s energy sector.

The company plays a vital role in Pakistan’s energy ecosystem, contributing 29% of the country’s total natural gas production making it the largest gas producer in the country, anchored by its flagship asset, the Mari Gas Field, one of Pakistan’s largest gas reserves.

The new website of the company (www.marienergies.com.pk) will be operational from January 09, 2025.