OGDCL-led consortium wins Miran Block bid in KP
MG News | December 11, 2024 at 03:12 PM GMT+05:00
December 11, 2024 (MLN): Oil and Gas Development Company Limited (PSX: OGDC) has successfully emerged as the winner in the second bidding round for the Miran Block, located in the North Waziristan and Kurram Districts of Khyber Pakhtunkhwa (KP), the company's filing on PSX revealed.
The bidding was announced by Khyber Pakhtunkhwa Oil and Gas Company Limited (KPOGCL).
OGDCL, leading a consortium with Pakistan Petroleum Limited (PPL) and Government Holdings (Private) Limited (GHPL), secured a 29% working interest with operatorship of the block.
PPL and GHPL each hold a 10% working interest as joint venture partners.
Participation in the bidding round aligns with the Company's strategy to invest in its core business, accelerate exploratory activities, and augment hydrocarbon reserves.
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