Pakistan Revives Offshore Oil and Gas Exploration
The Ministry of Energy announced the results of the Offshore Bid Round 2025, aiming to boost petroleum exploration in Pakistan after an 18-year hiatus.
The bid round offered 40 offshore blocks for petroleum exploration, with potential investments estimated up to $1 billion through exploration drilling.
- Bids were submitted for 23 blocks, covering an area of approximately 53,510 square kilometers.
- The response reflects "strong investor confidence" in Pakistan's resource potential, according to the Petroleum Division.
"strong investor confidence" in Pakistan's resource potential
The bidding process, launched in January, supports the government's objective of enhancing energy security and developing domestic hydrocarbon resources.
Author's summary: Pakistan restarts offshore oil exploration after 18 years.
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