Overview
- Four consortiums led by OGDCL, PPL, MariEnergies and Prime Energy won acreage, partnered with TPAO, United Energy, Orient Petroleum and Fatima Petroleum.
- Türkiye’s TPAO took a 25% stake with operatorship in one awarded block after a joint bidding agreement with PPL.
- The awards cover roughly 53,500 square kilometres from the 40 blocks offered in the Offshore Bid Round 2025.
- Bids were opened publicly on Oct. 31 by the Bid Opening Committee chaired by the Director General Petroleum Concessions with Sindh and Balochistan representatives present.
- The ministry said total investment could reach $750 million to $1 billion if exploration drilling follows promising seismic results.