ISLAMABAD: The Oil and Gas Development Company Limited (OGDC) has been provisionally awarded eight new offshore exploration blocks following a competitive bidding round conducted by the Government of Pakistan in October 2025.
The Ministry of Energy (Petroleum Division) has communicated the provisional award of exploration rights to the OGDC, Pakistan Petroleum Limited (PPL), Mari Energies Limited (MariEnergies), and Prime Global Energies Limited (Prime).
Under the provisional award, OGDC has secured participation in eight offshore blocks across the Indus and Makran basins. The company will serve as the operator in two of these blocks — Bin Qasim South (2466-10) and Keti Bandar (2367-6) — both located in the Indus Offshore Basin, with a 32% working interest in each.
Furthermore, OGDC will hold a 30 percent share in Gharo Creek (2466-9) and Kochi Creek (2366-8), both operated by PPL, and a similar participation in Offshore Deep D (2366-11) where MariEnergies is the operator. The company will also hold a 24% stake in Zarrar Block (2267-3) and 23% in Sapat Bandar (2465-5) in the Makran Offshore Basin. OGDC’s participation in Behr Block (2366-9) has also been confirmed, where MariEnergies will act as the operator. The joint venture (JV) compositions for the awarded blocks include PPL, MariEnergies, and Prime as co-venturers.
These awards are subject to the execution of Production Sharing Agreements (PSAs), the grant of Exploration Licences, the signing of Joint Operating Agreements (JOAs) among the respective joint venture partners, and the completion of other legal and procedural formalities.
Copyright Business Recorder, 2025
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