{"id":478824,"date":"2025-05-16T00:25:18","date_gmt":"2025-05-15T19:25:18","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=478824"},"modified":"2025-05-16T00:25:18","modified_gmt":"2025-05-15T19:25:18","slug":"ogdcl-secures-provisional-award-of-seven-new-exploration-blocks","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/ogdcl-secures-provisional-award-of-seven-new-exploration-blocks\/","title":{"rendered":"OGDCL secures provisional award of seven new exploration blocks"},"content":{"rendered":"<p>ISLAMABAD: Oil and Gas Development Company Limited (OGDCL), the country\u2019s leading exploration and production company, has been provisionally awarded seven new exploration blocks through a competitive bidding round held by the Government of Pakistan in April 2025. The Ministry of Energy (Petroleum Division) has communicated the provisional award of new exploration blocks to OGDCL and its joint venture partners, 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). These blocks have been awarded based on the work units committed by OGDCL and its joint venture partners, subject to formal execution of Exploration Licenses and Petroleum Concession Agreements (PCAs). Staff report<br \/>\nOGDCL has secured 100% working interest and operatorship in the Kalat North Block located in Balochistan. The company will also operate the Naing Sharif Block in Sindh with a 70% working interest, partnered by Prime with a 30% share. In Punjab, OGDCL will act as operator of the Khiu-II Block, holding 60% working interest, while Mari holds the remaining 40%.<br \/>\nOGDCL has also secured a 40% working interest in the Ahmad Wal Block in Balochistan, where Mari will serve as the operator with a 60% working interest. In the Kalat South Block, also in Balochistan, OGDCL secured a 30% share, with PPL acting as the operator with 40% interest and Mari holding 30%.<br \/>\nIn Sindh\u2019s Sukhpur-II Block, OGDCL has a 30% stake, alongside Prime (25%, operator), Mari (30%), and TPOC (15%). In the Ziarat North block in Balochistan, OGDCL secured a 24.87% working interest, with Mari acting as operator with 33.16%, and PPL, GHPL, and TPOC holding 24.87%, 7.10%, and 10% respectively.<br \/>\nThese awards mark a significant step forward in OGDCL\u2019s strategy and business plan to strengthen its core exploration portfolio and accelerate efforts to augment the country\u2019s hydrocarbon reserves.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: Oil and Gas Development Company Limited (OGDCL), the country\u2019s leading exploration and production company, has been provisionally awarded seven new exploration blocks through a competitive bidding round held by the Government of Pakistan in April 2025. The Ministry of Energy (Petroleum Division) has communicated the provisional award of new exploration blocks to OGDCL and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-478824","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>OGDCL secures provisional award of seven new exploration blocks<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/ogdcl-secures-provisional-award-of-seven-new-exploration-blocks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OGDCL secures provisional award of seven new exploration blocks\" \/>\n<meta property=\"og:description\" content=\"ISLAMABAD: Oil and Gas Development Company Limited (OGDCL), the country\u2019s leading exploration and production company, has been provisionally awarded seven new exploration blocks through a competitive bidding round held by the Government of Pakistan in April 2025. 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