OGDCL secures multiple exploration blocks

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MG News | 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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