PPL takes operator role in two, partners in six offshore blocks

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

Add Mettisglobal as a Trusted Source on Google

0:00

May 21, 2026 (MLN):Pakistan Petroleum Limited (PSX: PPL) has secured eight offshore blocks under the Pakistan Offshore Bid Round 2025, taking the operator seat on two while joining as a partner in six others.

The company will lead exploration at Gharo Creek and Kochi Creek, with partner positions in Bin Qasim South, Keti Bandar, Behr, Zarrar, Offshore Deep D, and Sapat Bandar.

Production Sharing Agreements and Exploration Licenses for all eight blocks were signed on May 20, 2026, in the presence of Federal Minister for Petroleum, formally reopening Pakistan's offshore frontier after nearly two decades.

All eight blocks fall within the Indus and Makran offshore basins, adjoining the territorial waters of Sindh and Balochistan.

The aforementioned information was disseminated through a notification to Exchange.

Copyright Mettis Link News

Related News

PPL gets nod for Adhi Field development, production lease

PPL's BLZ project enters execution phase

Name	Price/Vol	%Chg/NChg
KSE100	174,429.93 266.16M	-0.97% -1703.64
ALLSHR	105,686.64 690.97M	-0.83% -882.18
KSE30	52,098.85 92.59M	-1.07% -565.05
KMI30	245,280.51 99.76M	-1.03% -2557.91
KMIALLSHR	67,681.60 339.32M	-0.84% -574.20
BKTi	49,745.96 31.42M	-0.99% -497.94
OGTi	34,431.76 6.26M	-0.55% -190.66

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	66,100.00	66,840.00 65,570.00	-420.00 -0.63%
BRENT CRUDE	93.34	95.47 91.31	2.33 2.56%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-0.75 -0.70%
ROTTERDAM COAL MONTHLY	119.65	0.00 0.00	-0.45 -0.37%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	86.14	88.61 84.44	1.80 2.13%
SUGAR #11 WORLD	14.70	14.94 14.67	-0.18 -1.21%