PPL signs agreements for eight offshore blocks

MG News | May 21, 2026 at 12:46 PM GMT+05:00

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May 21, 2026 (MLN): Pakistan Petroleum Limited (PSX:PPL) has signed Production Sharing Agreements and Exploration Licenses for eight offshore blocks under the Pakistan Offshore Bid Round 2025.

This marks the reopening of Pakistan's offshore frontier after nearly two decades.

The agreements were executed on May 20, 2026, in the presence of the Federal Minister for Petroleum.

PPL operates two of the awarded blocks Gharo Creek and Kochi Creek while the remaining six, namely Bin Qasim South, Keti Bandar, Behr, Zarrar, Offshore Deep D, and Sapat Bandar, are partner-operated.

All eight blocks are located in the strategically significant Indus and Makran offshore basins, adjoining the territorial waters of Sindh and Balochistan.

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