Karachi, Pakistan – April 30, 2025 – Prime Global Energies Limited (formerly Prime Pakistan Limited, “Prime”) today, announced the successful acquisition of two onshore blocks through a competitive bidding process in the “Pakistan Onshore Bid Round 2025”. This strategic move underscores Prime’s commitment to expanding its operational footprint and strengthening its position as a leading Exploration and Production (E&P) company.

Prime, partnered with industry leaders for these strategic acquisitions, pertinent details are as follows:

• Sukhpur Block: A joint venture with Mari Energies Limited, Oil and Gas Development Company Limited (OGDCL) and Turkish Petroleum Overseas Company with Prime appointed as the Operator; and
• Naing Block: A joint venture with OGDCL as the Operator.

Both the Sukhpur and Naing Blocks are strategically located in the Kirthar Fold belt Basin, a region where Prime has a well-established operational history of over 30 years. The proximity of the Bhit Gas Processing facilities positions Prime for efficient monetization of future gas discoveries within these blocks.

This acquisition underscores Prime’s commitment to revitalizing its exploration activities and strategically growing its asset portfolio. Prime remains focused on identifying new business opportunities to maintain a strong balance of exploration and producing assets.