OGDC secures stakes in one offshore, two onshore exploration blocks
03-Dec-2025
MettisGlobal
December 03, 2025 (MLN): Oil & Gas Development Company Limited (PSX:OGDC) has secured participation in three strategic exploration blocks, significantly strengthening its position in both offshore and onshore exploration, according to the Company's filing on PSX, revealed today.
The agreements cover one offshore and two onshore blocks,
with partnering alongside major players including Turkish Petroleum Oil
Company (TPOC), Mari Energies Limited, Pakistan Petroleum Limited (PPL), Prime
International Oil & Gas Company Limited, and Government Holdings (Private)
Limited (GHPL) as per the following details.
|
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% |
At the time of writing, Oil & Gas Development Company
Limited (PSX:OGDC) shares were trading at Rs266.9, down Rs0.49 or 0.18%.
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