ISLAMABAD:
The Petroleum Division on Thursday signed petroleum concession agreements and granted exploration licences for 11 onshore blocks, marking a major step ahead in advancing oil and gasoline exploration actions throughout the nation.
The signing ceremony was held in Islamabad, the place Federal Minister for Petroleum Ali Pervaiz Malik was additionally current. The awarded blocks embrace eight in Balochistan, two in Sindh and one in Punjab.
The profitable three way partnership companions are Oil and Gasoline Improvement Firm (OGDC), Pakistan Petroleum Restricted (PPL), Mari Energies, Pakistan Oilfields Ltd (POL) and Prime World Energies. Talking on the event, the minister for petroleum termed the signing of agreements a major milestone within the authorities’s efforts to spice up home exploration, appeal to funding and cut back reliance on imported power.
“The agreements reveal robust investor confidence in Pakistan’s upstream potential,” the minister remarked and expressed confidence that latest discoveries would result in additional investments in growth and manufacturing, create employment alternatives, stimulate financial exercise in these areas and contribute meaningfully to decreasing reliance on imported power.
He reaffirmed the federal government’s dedication to facilitating exploration actions and guaranteeing a secure investor-friendly setting for sustainable growth of indigenous power assets. Mari Energies will function the operator of six blocks. It has secured 100% working curiosity in 5 blocks – Padag, Chagai, Dalbandin, Merui and Merui West – and can lead the Ahmad Wal block because the operator with a 60% working curiosity, alongside OGDC having 40% curiosity.
PPL emerged as the best bidder for the Kalat South block and can function it with a 40% working curiosity in partnership with OGDC (30%) and Mari Energies (30%). POL secured the Jherruk block with 100% working curiosity. OGDC, Pakistan’s largest exploration and manufacturing firm, signed agreements for 5 new exploration blocks awarded within the bidding spherical held on April 30, 2025. It can function the operator in three blocks and take part as a non-operating three way partnership associate in two blocks.
OGDC will function the Kalat North block with a 75% working curiosity, in partnership with Prime (25%). The block covers components of Nushki, Mastung, Kharan and Kalat districts of Balochistan. OGDC will even function the Khui-II block, overlaying Bhakkar and Khushab districts of Punjab, with a 60% working curiosity. Mari Energies holds the remaining 40% stake. Within the Naing Sharif block in Jamshoro district of Sindh, OGDC will maintain an 80% working curiosity because the operator, alongside Prime (20%).
In the meantime, OGDC secured pursuits in two extra blocks as a non-operator. Within the Ahmed Wal block within the Nushki district of Balochistan, the corporate holds a 40% working curiosity, whereas Mari Energies will function the operator with a 60% share.
Within the Kalat South block, additionally in Balochistan, OGDC has acquired a 30% stake, with PPL performing because the operator with a 40% curiosity and Mari Energies holding the remaining 30%. The block covers Kalat, Khuzdar and Jhal Magsi districts.
The minimal dedicated funding by the profitable bidders exceeds $31 million (Rs8.66 billion) over the subsequent three years. As well as, greater than Rs276 million has been dedicated to social welfare initiatives within the respective areas.
