KARACHI, June 9, 2026: Pakistan Petroleum Limited (PPL) proudly announces signing of Memorandum of Understanding (MoU) with Folio3, a US- headquartered AI technology company with a global delivery footprint, to leverage AI for smarter and more efficient upstream oil and gas operations.
MD & CEO PPL, Mohammad Khalid Rehman, signed the MoU with Adnan Lawai, CEO Folio3, in the presence of Brig. Ajaz Ahmad Khan HI(M),Retd, General Manager Shared Services PPL, and other officials from both companies on June 9 at PPL head office
Advancing the use of AI, this collaboration will explore opportunities across key operational and business functions, including drilling optimization, exploration, predictive maintenance and enterprise functions. Harnessing Folio3’s AI capabilities, the partnership seeks to accelerate the practical adoption of AI and drive innovation across operations.
This initiative aligns with PPL’s commitment to contribute towards a smarter, more sustainable energy future for the nation.