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On November 13, 2025, the Ministry of Energy (Petroleum Division) provisionally awarded petroleum exploration rights over eight new offshore exploration blocks to Oil and Gas Development Company Limited (OGDCL), Pakistan Petroleum Limited, Mari Energies Limited, and Prime Global Energies Limited. OGDCL, having participated in the October 2025 bidding round, received varying participation interests across the blocks, including 32% as operator in Bin Qasim South and Keti Bandar, and interests ranging from 23% to 30% in the other six blocks. These arrangements are subject to the execution of Production Sharing Agreements, grant of Exploration Licenses, and completion of related legal/procedural formalities.
| Date | 13 Nov 2025 |
| Time | 08:32:15 |
| Category | Miscellaneous |
| ID | 4156H |
CS04-08 (PSX/LSE/SECP)
November 13, 2025
|
The General Manager, Pakistan Stock Exchange Limited, Stock Exchange Road, |
London Stock Exchange Plc., 10 Paternoster Square, London EC4M 7LS.
Tel: (44) 20 7334 8907 |
Subject: Provisional Award of New Offshore Exploration Blocks
Dear Sir,
Oil and Gas Development Company Limited (OGDCL) participated in the competitive bidding round for offshore exploration blocks held by the Government in October 2025. The Ministry of Energy (Petroleum Division) has communicated the provisional award of petroleum exploration rights over new exploration blocks to OGDCL, Pakistan Petroleum Limited (PPL), Mari Energies Limited (MariEnergies) and Prime Global Energies Limited (Prime). The details of the blocks are as follows:
|
S. No. |
Block / Basin |
JV Partners |
Participation Interest |
|
1 |
Bin Qasim South (2466-10) (Basin-Indus Offshore) |
(i) OGDCL (Operator) |
32% |
|
(ii) PPL |
24% |
||
|
(iii) MariEnergies |
24% |
||
|
(iv) Prime |
20% |
||
|
2 |
Keti Bandar (2367-6) (Basin-Indus Offshore) |
(i) OGDCL (Operator) |
32% |
|
(ii) MariEnergies |
24% |
||
|
(iii) PPL |
24% |
||
|
(iv) Prime |
20% |
||
|
3 |
Gharo Creek (2466-9) (Basin-Indus Offshore) |
(i) OGDCL |
30% |
|
(ii) PPL (Operator) |
40% |
||
|
(iii) MariEnergies |
30% |
||
|
4 |
Kochi Creek (2366-8) (Basin-Indus Offshore) |
(i) OGDCL |
30% |
|
(ii) PPL (Operator) |
40% |
||
|
(iii) MariEnergies |
30% |
||
|
5 |
Behr Block (2366-9) (Basin-Indus Offshore) |
(i) OGDCL |
30% |
|
(ii) MariEnergies (Operator) |
40% |
||
|
(iii) PPL |
30% |
||
|
6 |
Zarrar Block (2267-3) (Basin-Indus Offshore) |
(i) OGDCL |
24% |
|
(ii) Mari (Operator) |
32% |
||
|
(iii) PPL |
24% |
||
|
(iv) Prime |
20% |
||
|
7 |
Offshore Deep D (2366-11) (Basin-Indus Offshore) |
(i) OGDCL |
30% |
|
(ii) Mari (Operator) |
40% |
||
|
(iii) PPL |
30% |
||
|
8 |
Sapat Bandar (2465-5) (Basin-Makran Offshore) |
(i) OGDCL |
23% |
|
(ii) Mari |
23% |
||
|
(iii) Prime (Operator) |
31% |
||
|
(iv) PPL |
23% |
The above arrangements are subject to the execution of respective Production Sharing Agreements and grant of Exploration Licenses, execution of Joint Operating Agreements among the respective JV Partners and completion of related legal/procedural formalities.
Participation in the bidding round is in furtherance of the Company's strategy and business plan to invest in its core business, accelerate exploratory activities, and augment hydrocarbon reserves balance.
The above information is submitted in compliance of Section 96 of the Securities Act, 2015 and Clause 5.6.1(a) of PSX Regulations, for dissemination amongst your members please.
Yours Sincerely,
(Wasim Ahmad)
Company Secretary
Copy:
Director/HOD,
Office -II Department, Supervision Department
Securities & Exchange Commission of Pakistan,
NIC Building, 63 Jinnah Avenue, Blue Area,
Islamabad