ISLAMABAD: Oil and Gas Development Company Limited (OGDC), Pakistan’s largest exploration and production company, has secured eight offshore exploration blocks under the Offshore Bid Round 2025, marking a major expansion of its exploration portfolio.
The Government of Pakistan has reopened its offshore exploration frontier after nearly two decades through the signing of Production Sharing Agreements (PSAs) and Exploration Licences (ELs) under the Offshore Bid Round 2025.
The signing ceremony was held at the Ministry of Petroleum in Islamabad and was witnessed by Federal Minister for Petroleum Ali Pervaiz Malik. The Minister termed the development a defining milestone in efforts to revitalise offshore exploration, attract investment, and reduce reliance on imported energy.
At the signing ceremony, OGDC was represented by MD/CEO Ahmed Hayat Lak and Head of Exploration Dr Khalid Amin Khan. Secretary Petroleum Division, MDs of Joint Venture (JV) partners and representatives of Government Holdings Private Limited (GHPL) were also present.
Under the Offshore Bid Round 2025, OGDC has been awarded a total of eight exploration blocks, including two blocks as Operator and six blocks as a joint venture partner with other exploration and production companies. The agreements were formally signed by OGDC and its JV partners.
The reopening of Pakistan’s offshore exploration frontier marks a significant step toward unlocking untapped energy potential and strengthening long-term energy security through enhanced domestic exploration activity.
The development significantly strengthens OGDC’s offshore exploration footprint and underscores its commitment to advancing domestic energy exploration and contributing to Pakistan’s long-term energy security.
Copyright Business Recorder, 2026
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