Overview
- OGDC formally signed production sharing agreements and exploration licences for eight offshore blocks under the Offshore Bid Round 2025, expanding its offshore portfolio.
- The company will operate two of the awarded blocks and participate as a joint-venture partner in six others, with agreements signed together with its JV partners and state entities.
- The signing took place at the Ministry of Petroleum in Islamabad in a ceremony witnessed by Federal Minister for Petroleum Ali Pervaiz Malik and senior OGDC officials.
- Government officials and OGDC say the move is intended to unlock untapped offshore resources and attract investment, though actual exploration and drilling work has not yet begun.
- Pakistan has not run a major offshore licensing round in nearly two decades, and officials frame this reopening as a long-term step to strengthen domestic supply and reduce reliance on imported energy.