Pakistan Revives Offshore Oil and Gas Exploration
Pakistan has announced the results of the Offshore Bid Round 2025, a major initiative to boost petroleum exploration after an 18-year hiatus.
The bid offers 40 offshore blocks for petroleum exploration, with potential investments estimated up to $1 billion through exploration drilling.
- 40 offshore blocks were offered for bidding
- 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.
The bidding process aims to support the government’s broader objective of enhancing energy security and developing domestic hydrocarbon resources.
Author's summary: Pakistan resumes offshore oil and gas exploration.
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