OGDC secures stakes in one offshore, two onshore exploration blocks

Hayyan Mansuri | December 03, 2025 at 11:56 AM GMT+05:00

0:00

December 03, 2025 (MLN): Oil & Gas Development Company Limited (PSX:OGDC) has secured participation in three strategic exploration blocks, significantly strengthening its position in both offshore and onshore exploration, according to the Company's filing on PSX, revealed today.

The agreements cover one offshore and two onshore blocks, with OGDC partnering alongside major players including Turkish Petroleum Oil Company (TPOC), Mari Energies Limited, Pakistan Petroleum Limited (PPL), Prime International Oil & Gas Company Limited, and Government Holdings (Private) Limited (GHPL) as per the following details.

Sr#	Block Name	Operator	JV Partners with Participating Interest
1	Eastern Offshore Indus-C Block (Offshore)	TPOC: 25% Participating interest	OGDCL: 20%, PPL: 35% and MariEnergies: 20%
2	Ziarat North Block (Onshore)	MariEnergies: 33.16% Participating interest	OGDCL: 24.87%, TPOC: 10%, PPL: 24.87% and GHPL: 7.10%
3	Sukhpur-II Block (Onshore)	Prime: 25% Participating interest	OGDCL: 30%, MariEnergies: 30% and TPOC: 15%

At the time of writing, Oil & Gas Development Company Limited (PSX:OGDC) shares were trading at Rs266.9, down Rs0.49 or 0.18%.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	183,049.81 350.08M	0.49% 896.25
ALLSHR	109,841.97 731.28M	0.37% 406.56
KSE30	55,980.66 79.85M	0.38% 209.40
KMI30	259,664.81 146.46M	0.67% 1734.22
KMIALLSHR	70,650.71 440.38M	0.27% 189.19
BKTi	52,787.22 32.29M	0.12% 64.20
OGTi	36,172.75 5.18M	-0.80% -290.18

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	67,370.00	69,415.00 66,495.00	-1565.00 -2.27%
BRENT CRUDE	70.28	70.40 69.00	1.48 2.15%
RICHARDS BAY COAL MONTHLY	96.00	0.00 0.00	0.40 0.42%
ROTTERDAM COAL MONTHLY	102.00	102.20 102.00	0.30 0.30%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	65.40	65.57 64.15	1.44 2.25%
SUGAR #11 WORLD	13.98	14.12 13.86	-0.14 -0.99%