OGDCL secures eight offshore blocks

Oil and Gas Development Company Limited (OGDCL) has secured eight offshore exploration blocks under the Offshore Bid Round 2025, marking a major expansion of its exploration portfolio, according to a statement on Thursday.

The government has reopened its offshore exploration frontier after nearly two decades through the signing of production sharing agreements and exploration licences. The ceremony was held at the petroleum ministry and witnessed by Federal Minister for Petroleum Ali Pervaiz Malik, who termed it a defining milestone in efforts to revitalise offshore exploration, attract investment and reduce reliance on imported energy.

OGDCL was awarded eight blocks, including two as operator and six as a joint venture partner with other exploration and production companies. The agreements were formally signed by OGDCL and its joint venture partners, with MD/CEO Ahmed Hayat Lak representing the company.

The reopening of offshore exploration marks a significant step toward unlocking untapped energy potential and strengthening long?term energy security through enhanced domestic exploration activity. The development significantly strengthens OGDCL's offshore footprint and underscores its commitment to advancing domestic energy exploration, the company said.