Oil and Gas Development Company Limited (OGDCL) participated in the competitive bidding round for exploration blocks held by the Government in April 2025. The Ministry of Energy (Petroleum Division) has communicated the provisional award of new exploration blocks to OGDCL, Pakistan Petroleum Limited (PPL), Pakistan Oilfields Limited (POL), Mari Energies Limited (MARI), Government Holdings (Private) Limited (GHPL), Turkish Petroleum Overseas Company (TPOC), and Prime Global Energies Limited (Prime). These blocks have been awarded based on the work units committed by OGDCL and its JV partners, subject to formal execution of Exploration Licenses and Petroleum Concession Agreements (PCAs). The details of the blocks provisionally awarded to OGDCL are as follows:
Participation in the bidding round is in furtherance of the Company's strategy and business plan to invest in its core business, accelerate exploratory activities, and augment hydrocarbon reserves balance.
Source: OGDCL
