Pakistan has resumed offshore oil and gas exploration after a gap of two decades, while 21 additional production sharing agreements have been signed under Offshore Bid Round 2025.
According to a statement issued by the Ministry of Petroleum, an investment of 82 million dollars will be made during the first phase of the license period over the initial three years, while total investment could rise to nearly one billion dollars if drilling progresses in the second phase.
Reports said that blocks have been allocated in the Indus and Makran offshore basins located along the coastal areas of Sindh and Balochistan.
The statement added that 23 blocks covering an area of 54,600 square kilometers were approved under Offshore Bid Round 2025, while agreements for two offshore deep-sea blocks had already been finalized at the Prime Minister House on December 2 last year.
With the signing of 21 more production sharing agreements, the contractual framework has now been completed, marking a significant development in the energy sector.
The Petroleum Minister stated that the signing of offshore exploration agreements represents a historic milestone in the government’s energy policy, while the successful completion of the offshore bid round reflects transparent and investor-friendly policies.
Experts believe the projects could help improve Pakistan’s energy self-reliance in the future and attract greater foreign investment.
