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Pakistan Signs 11 Onshore Oil and Gas Licences to Kick-Start $31 Million Exploration Push

The three-year awards prioritize frontier acreage in Balochistan, with larger spending contingent on commercial discoveries.

Overview

  • The Petroleum Division executed Petroleum Concession Agreements and Exploration Licences at a ceremony in Islamabad attended by Petroleum Minister Ali Pervaiz Malik.
  • The awards secure a minimum Rs8.66 billion in exploration spending over three years and earmark more than Rs276 million for local social initiatives.
  • Eight of the new blocks are in Balochistan, two are in Sindh and one is in Punjab.
  • Mari Energies will operate six blocks, holding 100% interests in Padag, Chagai, Dalbandin, Merui and Merui West, and 60% in Ahmad Wal with OGDCL at 40%.
  • OGDCL will operate Kalat North (75%, Prime 25%), Naing Sharif (80%, Prime 20%) and Khui‑II (60%, Mari 40%), while PPL leads Kalat South (40%) and POL holds Jherruk with 100% interest.