ISLAMABAD: Oil and Gas Development Company Limited (OGDC), Pakistan's largest exploration and production firm, signed Petroleum Concession Agreements on Thursday for five new exploration blocks. The blocks were awarded following a competitive bidding round conducted on April 30, 2025, and the signing ceremony took place at the Ministry of Energy (Petroleum Division) in Islamabad.
According to Oil and Gas Development Company Limited, OGDC will act as the operator in three of the blocks and as a non-operating joint venture partner in two others. The company will manage the Kalat North Block, covering parts of the Nushki, Mastung, Kharan, and Kalat districts in Balochistan, with a 75 percent interest, in partnership with Prime, which holds the remaining 25 percent. Additionally, in Punjab, OGDC will operate the Khui-II Block with a 60 percent interest, while Mari Energies Limited (MEL) will hold the remaining 40 percent. In Sindh's Jamshoro district, OGDC will lead the Naing Sharif Block with an 80 percent interest, with the rest held by Prime.
OGDC will also participate as a non-operator in two more blocks. In the Ahmed Wal Block, located in the Nushki district of Balochistan, OGDC has secured a 40 percent interest while MEL will operate with a 60 percent share. In the Kalat South Block, which spans the Kalat, Khuzdar, and Jhal Magsi districts, OGDC will hold a 30 percent stake, with Pakistan Petroleum Limited (PPL) as the operator with a 40 percent interest, and MEL holding the remaining 30 percent.
These agreements underline OGDC's strategy to enhance hydrocarbon exploration, bolster domestic energy security, and support sustainable development in underexplored regions of Pakistan.
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