Overview
- Mari Energies disclosed Monday that it issued a Letter of Award to Universal Gas Distribution Company for the sale of up to 17.5 million standard cubic feet per day of gas from the Spinwam discovery.
- The contract follows a competitive Invitation to Bid that Mari Energies published on May 15, 2026 and was awarded after a multi-party bidding process.
- The sale is not final because it depends on regulatory approvals under the Framework for Sale of Gas to Third Parties (S.R.O. No. 11(I)/2025) and on the buyer furnishing required performance and environmental and social securities.
- Mari Energies is the Waziristan block operator with a 55% working interest while OGDCL holds 35% and Orient Petroleum 10%, so any revenue or obligations will flow through that joint venture structure.
- The announcement produced a small rise in Mari Energies shares and could improve cash flow for the company and support more private-sector gas allocations, a change designed to ease sector finances and encourage further exploration investment.