ISLAMABAD
\nOil and Gas Development Company Limited (OGDC), Pakistan\u2019s largest exploration and production company, on Thursday signed Petroleum Concession Agreements (PCAs) for five new exploration blocks awarded in the bidding round held on April 30, 2025. The signing ceremony for the blocks was held at the Ministry of Energy (Petroleum Division) in Islamabad. The provisional awards had been announced earlier following the competitive bidding round.
\nUnder the awards, OGDC will serve as operator in three blocks and participate as a non-operating JV partner in two blocks. OGDC will operate the Kalat North Block with a 75 percent working interest, in partnership with Prime (25 percent). The block covers parts of Nushki, Mastung, Kharan and Kalat districts of Balochistan.
\nOGDC will also operate the Khui-II Block, covering Bhakkar and Khushab districts of Punjab, with a 60 percent working interest. Mari Energies Limited (MEL) holds the remaining 40 percent stake. In the Naing Sharif Block, located in Jamshoro district of Sindh, OGDC will hold an 80 percent working interest as operator, alongside Prime (20 percent).
\nMeanwhile, OGDC also secured interests in two additional blocks as a non-operator. In the Ahmed Wal Block in the Nushki district of Balochistan, the company holds a 40 percent working interest, while Mari Energies Limited will serve as operator with a 60 percent share. In the Kalat South Block, also in Balochistan, OGDC has acquired a 30 percent stake, with Pakistan Petroleum Limited (PPL) acting as operator with a 40 percent interest and Mari Energies Limited holding the remaining 30 percent. The block covers Kalat, Khuzdar and Jhal Magsi districts.
\nThese new additions reinforce OGDC\u2019s commitment to accelerating hydrocarbon exploration, enhancing domestic energy security, and contributing to sustainable development in frontier and underexplored regions of the country.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD Oil and Gas Development Company Limited (OGDC), Pakistan\u2019s largest exploration and production company, on Thursday signed Petroleum Concession Agreements (PCAs) for five new exploration blocks awarded in the bidding round held on April 30, 2025. The signing ceremony for the blocks was held at the Ministry of Energy (Petroleum Division) in Islamabad. The provisional […]<\/p>\n","protected":false},"author":2,"featured_media":533754,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-533736","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"\n