Pakistan has restarted offshore oil and gas exploration activities after almost two decades by signing new Production Sharing Agreements and Exploration Licences under the Offshore Bid Round 2025. The agreements cover 23 offshore blocks located in the Indus and Makran basins.
Officials described the development as an important step toward attracting investment and strengthening the country’s long-term energy security. Authorities believe increased exploration could help reduce dependence on imported energy in the future.
According to the government, several energy companies are participating in the initiative, including Mari Energies Limited, Oil and Gas Development Company Limited (OGDCL), Pakistan Petroleum Limited (PPL), United Energy Pakistan, Prime Global Energies, and Orient Petroleum.
Initial investment in the first phase is estimated at around $82 million. However, officials say total investment could increase significantly and potentially reach $1 billion if exploration activities move toward drilling and production stages.
Authorities expect the project to create employment opportunities, support technology transfer, and improve technical expertise in Pakistan’s energy sector. Increased offshore activity may also encourage foreign investment and strengthen industrial growth.
Energy experts say successful discoveries could help improve domestic energy supply and reduce pressure caused by rising import costs. However, exploration projects often require years of investment before commercial results are achieved.
The reopening of offshore exploration is being viewed as a major development for Pakistan’s energy industry. Officials hope the initiative will support economic growth, strengthen energy independence, and open new opportunities for long-term resource development across the country.
