OGDC awarded two new exploration blocks

By MG News | July 03, 2023 at 03:04 PM GMT+05:00

0:00

July 03, 2023 (MLN): Oil & Gas Development Company Limited (PSX: OGDC) has been provisionally awarded two new exploration blocks, the company’s latest filing on PSX revealed.

The first block is Sehwan (2667-19) located in Sindh and the second is Zindan-11 (3271-9) located in Punjab.

Moreover, the company will be the operator in both blocks with 100% working interest.

“Participation in the bidding round is in furtherance of the company’s strategy to invest in its core business, accelerate exploratory activities, and augment hydrocarbon reserves balance,” the notice reads.

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