Karachi, November 13, 2025 – The Oil and Gas Development Company Limited (OGDCL) on Thursday announced that the Ministry of Energy (Petroleum Division) has awarded new offshore exploration blocks to leading energy companies following a recent bidding round.
In a statement to the Pakistan Stock Exchange (PSX), OGDCL confirmed that it had participated in the competitive bidding round for offshore exploration blocks held in October 2025. Following the process, the petroleum ministry has provisionally awarded petroleum exploration rights to OGDCL, Pakistan Petroleum Limited (PPL), Mari Energies Limited (MariEnergies), and Prime Global Energies Limited (Prime).
According to OGDCL, the following blocks have been awarded under the joint venture (JV) partnership structure:
1. Bin Qasim South (2466-10) – Indus Offshore Basin: OGDCL (Operator) 32%, PPL 24%, MariEnergies 24%, Prime 20%.
2. Keti Bandar (2367-6) – Indus Offshore Basin: OGDCL (Operator) 32%, MariEnergies 24%, PPL 24%, Prime 20%.
3. Gharo Creek (2466-9) – Indus Offshore Basin: OGDCL 30%, PPL (Operator) 40%, MariEnergies 30%.
4. Kochi Creek (2366-8) – Indus Offshore Basin: OGDCL 30%, PPL (Operator) 40%, MariEnergies 30%.
5. Behr Block (2366-9) – Indus Offshore Basin: OGDCL 30%, MariEnergies (Operator) 40%, PPL 30%.
6. Zarrar Block (2267-3) – Indus Offshore Basin: OGDCL 24%, Mari (Operator) 32%, PPL 24%, Prime 20%.
7. Offshore Deep D (2366-11) – Indus Offshore Basin: OGDCL 30%, Mari (Operator) 40%, PPL 30%.
8. Sapat Bandar (2465-5) – Makran Offshore Basin: OGDCL 23%, Mari 23%, Prime (Operator) 31%, PPL 23%.
The company emphasized that the awards are subject to the signing of production sharing agreements (PSAs), issuance of exploration licenses, joint operating agreements between partners, and completion of all regulatory and procedural formalities.
An OGDCL spokesperson stated that participation in the latest bidding round aligns with the company’s long-term strategy to expand its exploration footprint, increase hydrocarbon reserves, and strengthen Pakistan’s energy security.