Pakistan has taken a historic step to boost its energy sector by reopening offshore oil and gas exploration after nearly 20 years. The government has signed Production Sharing Agreements and Exploration Licences for 23 offshore blocks under the Offshore Bid Round 2025.
This major initiative is expected to attract significant foreign and local investment. Leading Pakistani companies have shown strong interest. Mari Energies secured stakes in all 23 blocks and will act as the operator in most of them. OGDCL and Pakistan Petroleum Limited (PPL) have also received multiple blocks.
The initial investment in this project is estimated at $82 million, which could rise to $1 billion in the later phases when actual drilling begins. Officials believe this exploration drive will help increase domestic oil and gas production, reduce reliance on expensive imports, and strengthen energy security.
The move is being seen as a positive development for Pakistan’s blue economy. Successful discoveries could bring massive economic benefits and create new job opportunities. The government hopes this will also restore investor confidence in Pakistan’s energy sector.
This ambitious offshore exploration program marks an important milestone in the country’s efforts to achieve self-sufficiency in energy resources.
