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On December 02, 2025, the Government of Pakistan executed three agreements for one offshore and two onshore exploration blocks. Oil & Gas Development Company Limited (OGDCL) is a partner in these agreements, holding participating interests of 20% in Eastern Offshore Indus-C, 24.87% in Ziarat North, and 30% in Sukhpur-II, alongside other joint venture partners.
| Date | 3 Dec 2025 |
| Time | 07:03:56 |
| Category | Acquisitions and alliances |
| ID | 0455K |
CS04-08 (PSX/LSE/SECP)
December 03, 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: Signing of Agreements for One Offshore and Two Onshore Exploration Blocks
Dear Sir,
Further to our earlier announcements dated May 14, 2025 and October 15, 2025, we are pleased to inform that the Government of Pakistan executed three agreements on December 02, 2025 covering one offshore and two onshore blocks where Oil & Gas Development Company Limited (OGDCL) is a partner together with Turkish Petroleum Oil Company (TPOC), Mari Energies Limited (Mari), Pakistan Petroleum Limited (PPL), Prime International Oil & Gas Company Limited (Prime) and Government Holdings (Private) Limited (GHPL) as per following detail:
|
Sr# |
Block Name |
Operator |
JV Partners with Participating Interest |
|
1. |
Eastern Offshore Indus-C Block (Offshore) |
TPOC: 25% Participating interest |
OGDCL: 20%, PPL: 35% and MariEnergies: 20% |
|
2. |
Ziarat North Block (Onshore) |
MariEnergies 33.16% Participating interest |
OGDCL: 24.87%, TPOC: 10%, PPL: 24.87% and GHPL: 7.10% |
|
3. |
Sukhpur-II Block (Onshore) |
Prime: 25% Participating interest |
OGDCL: 30%, MariEnergies:30% and TPOC:15% |
These agreements mark an important step for OGDCL, enhancing its exploration portfolio across both offshore and onshore frontiers and strengthening its long-term growth opportunities through participation in high-potential blocks.
The above information is submitted in compliance with 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:
Executive Director/HOD, Supervision Division, SECP, Jinnah Avenue, Blue Area, Islamabad.