{"id":514440,"date":"2025-11-14T08:39:25","date_gmt":"2025-11-14T03:39:25","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=514440"},"modified":"2025-11-14T08:39:25","modified_gmt":"2025-11-14T03:39:25","slug":"ogdc-secures-provisional-award-for-eight-offshore-exploration-blocks","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/ogdc-secures-provisional-award-for-eight-offshore-exploration-blocks\/","title":{"rendered":"OGDC secures provisional award for eight offshore exploration blocks"},"content":{"rendered":"<p> ISLAMABAD<br \/>\nOil and Gas Development Company Limited (OGDC) has been provisionally awarded eight new offshore exploration blocks following a competitive bidding round conducted by the Government of Pakistan in October 2025.<br \/>\nThe Ministry of Energy (Petroleum Division) has communicated the provisional award of exploration rights to OGDC, Pakistan Petroleum Limited (PPL), Mari Energies Limited (MariEnergies), and Prime Global Energies Limited (Prime).<br \/>\nUnder the provisional award, OGDC has secured participation in eight offshore blocks across the Indus and Makran basins. The company will serve as the operator in two of these blocks \u2014 Bin Qasim South (2466-10) and Keti Bandar (2367-6) \u2014 both located in the Indus Offshore Basin, with a 32% working interest in each.<br \/>\nFurthermore, OGDC will hold a 30% share in Gharo Creek (2466-9) and Kochi Creek (2366-8), both operated by PPL, and a similar participation in Offshore Deep D (2366-11) where MariEnergies is the operator. The company will also hold a 24% stake in Zarrar Block (2267-3) and 23% in Sapat Bandar (2465-5) in the Makran Offshore Basin. OGDC\u2019s participation in Behr Block (2366-9) has also been confirmed, where MariEnergies will act as the operator. The joint venture (JV) compositions for the awarded blocks include PPL, MariEnergies, and Prime as co-venturers.<br \/>\nThese awards are subject to the execution of Production Sharing Agreements (PSAs), the grant of Exploration Licences, the signing of Joint Operating Agreements (JOAs) among the respective joint venture partners, and the completion of other legal and procedural formalities.<br \/>\nOGDC\u2019s participation in the latest offshore bidding round aligns with its strategic business plan to strengthen its exploration portfolio, expand hydrocarbon reserves, and ensure sustainable growth in its core operations. The company is committed to exploring new frontiers to meet the country\u2019s growing energy demand and enhance national energy security.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD Oil and Gas Development Company Limited (OGDC) has been provisionally awarded eight new offshore exploration blocks following a competitive bidding round conducted by the Government of Pakistan in October 2025. The Ministry of Energy (Petroleum Division) has communicated the provisional award of exploration rights to OGDC, Pakistan Petroleum Limited (PPL), Mari Energies Limited (MariEnergies), [&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-514440","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>OGDC secures provisional award for eight offshore 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\/ogdc-secures-provisional-award-for-eight-offshore-exploration-blocks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OGDC secures provisional award for eight offshore exploration blocks\" \/>\n<meta property=\"og:description\" content=\"ISLAMABAD Oil and Gas Development Company Limited (OGDC) has been provisionally awarded eight new offshore exploration blocks following a competitive bidding round conducted by the Government of Pakistan in October 2025. 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