Pakistan Petroleum Limited (PPL) has achieved a major milestone by provisionally clinching 8 offshore exploration blocks in the competitive bidding round conducted by the Government of Pakistan on October 31, 2025. The company submitted bids for all 8 blocks and secured a 100 percent success rate, obtaining 2 blocks as operator and 6 as joint venture (JV) partner on November 12.
The provisional grant of these blocks marks a strategic step toward expanding PPL’s exploration footprint in high-potential offshore regions. The formal award of blocks will follow the execution of Production Sharing Agreements (PSAs), Joint Operating Agreements (JOAs) with JV partners, issuance of exploration licenses, and completion of legal and procedural formalities.
PPL continues to advance its role in Pakistan’s energy landscape by strengthening exploration efforts both locally and internationally. Through enhanced E&P activities, the company aims to discover new oil and gas reserves and contribute to bridging the national energy demand-supply gap.
