Karachi: Oil and Gas Development Company Limited (OGDCL) has been provisionally awarded new offshore exploration blocks following a competitive bidding round held by the Government in October 2025. The Ministry of Energy (Petroleum Division) announced the awards, which include partnerships with Pakistan Petroleum Limited (PPL), Mari Energies Limited (MariEnergies), and Prime Global Energies Limited (Prime).
The newly assigned blocks are located in the Indus Offshore and Makran Offshore basins. OGDCL has been designated as the operator for the Bin Qasim South and Keti Bandar blocks, each with a 32% participation interest. For the Gharo Creek and Kochi Creek blocks, PPL will operate, while OGDCL holds a 30% interest in both. MariEnergies will operate the Behr Block and Offshore Deep D, with OGDCL also holding a 30% interest in these blocks. In the Zarrar Block, MariEnergies takes the lead with OGDCL participating at 24%. The Sapat Bandar block in the Makran Offshore basin will be operated by Prime, where OGDCL holds a 23% stake.
According to information available from the Pakistan Stock Exchange (PSX), these arrangements are contingent upon the execution of Production Sharing Agreements, Exploration Licenses, and Joint Operating Agreements, alongside the completion of necessary legal and procedural formalities.
OGDCL’s participation in the bidding round aligns with its strategic plan to invest in its core operations, boost exploratory activities, and enhance its hydrocarbon reserves. The company aims to advance its business objectives through these newly secured blocks, which are expected to contribute significantly to its future growth.
This information has been disclosed in compliance with Section 96 of the Securities Act, 2015, and Clause 5.6.1(a) of PSX Regulations, ensuring transparency and keeping stakeholders informed.