OGDCL secures multiple exploration blocks

By MG News | Category Equity | May 14, 2025 at 11:03 AM GMT+05:00

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May 14, 2025 (MLN): Oil and Gas Development Company Limited (PSX: OGDC) has been provisionally awarded several new exploration blocks following its participation in the competitive bidding round organized by the Government of Pakistan in April 2025.

The Ministry of Energy (Petroleum Division) communicated the results of the bidding round, the company's filing on PSX revealed today.

It highlighted OGDCL's role alongside other energy sector entities, including Pakistan Petroleum Limited (PPL), Pakistan Oilfields Limited (POL), Mari Energies Limited (MARI), Government Holdings (Private) Limited (GHPL), Turkish Petroleum Overseas Company (TPOC), and Prime Global Energies Limited (Prime).

The awards are based on work units committed by OGDCL and its joint venture partners and are subject to the formal execution of Exploration Licenses and Petroleum Concession Agreements (PCAs).

OGDCL has secured interests in the following blocks:

Block Name	Province	Working Interest	JV Partner(s) & Working Interest
Kalat North (2966-4)	Balochistan	OGDCL (100%) – Operator	–
Naing Sharif (2667-20)	Sindh	OGDCL 70% – Operator	Prime 30%
Khiu-II (3171-4)	Punjab	OGDCL 60% – Operator	Mari 40%
Ahmad Wal (2965-1)	Balochistan	OGDCL 40%	Mari 60% – Operator
Kalat South (2865-5)	Balochistan	OGDCL 30%	PPL 40% – Operator, Mari 30%
Sukhpur-II (2568-23)	Sindh	OGDCL 30%	Prime 25% – Operator, Mari 30%, ???? 15%
Ziarat North (2966-3)	Balochistan	OGDCL 24.87%	Mari 33.16% – Operator, PPL 24.87%, GHPL 7.10%, TPOC 10%

This development is aligned with OGDCL’s strategy and business plan to deepen its investments in core operations, accelerate exploration activities, and enhance the company's hydrocarbon reserves portfolio.

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