Published May 22, 2026 Updated 24 minutes ago By Press Release ISLAMABAD: Oil and Gas Development Company Limited (OGDC), Pakistan’s largest exploration and production company, has secured eight offshore exploration blocks under the Offshore Bid Round 2025, marking a major expansion of its exploration portfolio. The Government of Pakistan has reopened its offshore exploration frontier after nearly two decades through the signing of Production Sharing Agreements (PSAs) and Exploration Licences (ELs) under the Offshore Bid Round 2025. The signing ceremony was held at the Ministry of Petroleum in Islamabad and was witnessed by Federal Minister for Petroleum Ali Pervaiz Malik. The Minister termed the development a defining milestone in efforts to revitalise offshore exploration, attract investment, and reduce reliance on imported energy. At the signing ceremony, OGDC was represented by MD/CEO Ahmed Hayat Lak and Head of Exploration Dr Khalid Amin Khan. Secretary Petroleum Division, MDs of Joint Venture (JV)…