Mari Energies Limited, formerly Mari Petroleum Company Limited, and commonly known as Mari, is a Pakistani energy company based in Islamabad. It is controlled by the Fauji Foundation, which holds a 40 percent stake. It primarily operates in exploration, development and production of hydrocarbon products (natural gas, crude oil, condensate, and liquefied petroleum gas). It is listed and traded on the Pakistan Stock Exchange.
History
Mari Energies' origins go back to 1957, when Esso Eastern Inc. discovered Mari gas field in Daharki, Ghotki District, 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.[2]
In May 1983, the Fauji Foundation acquired a majority stake in Mari Gas during the military regime of