ISLAMABAD: The government has awarded 11 new onshore oil and gas blocks to leading domestic exploration companies, unlocking more than Rs8.66 billion in committed investment and over Rs276 million earmarked for local social welfare initiatives. The move signals a renewed push to accelerate upstream exploration and reduce Pakistan dependence on costly energy imports.

The Petroleum Concession Agreements and Exploration Licences were signed by the Petroleum Division in the presence of Federal Minister for Petroleum Ali Pervaiz Malik, who described the development as a strategic milestone for strengthening domestic hydrocarbon production. Of the 11 blocks, eight are located in Balochistan, two in Sindh and one in Punjab.

Mari Energies Limited emerged as a dominant player, securing operatorship of six blocks. The company holds 100 percent working interest in Padag, Chagai, Dalbandin, Merui and Merui West, and will lead the Ahmad Wal block with a 60 percent stake alongside OGDCL holding 40 percent.

Oil and Gas Development Company Limited will operate three blocks, including Kalat North with full working interest. It will also lead Naing Sharif with a 70 percent share in partnership with Prime Global Energies, and Khiu II with a 60 percent stake alongside Mari Energies.

Pakistan Petroleum Limited secured the Kalat South block as the highest bidder, operating with a 40 percent share in joint venture with OGDCL and Mari Energies. Pakistan Oilfields Limited obtained the Jherruk block with full working interest.

Officials said the new awards are expected to boost exploration activity, generate employment and strengthen energy security. By expanding indigenous resource development, the government aims to narrow the import bill, stabilize supply and reinforce long term energy resilience.